Evidence from leaked account data on how elites use offshore banking [pdf]
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Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#2Direct PDF wasn't working for me. Here's the page with summary and link to PDF: https://www.brookings.edu/research/what-lies-beneath-evidenc...
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#3>> the customers of offshore banks are likely to be from the wealthiest segment of whichever society they come from.
What a surprising discovery.
Governments with the most abusive tax policies still cannot realize that they cannot tax their way to prosperity.
Most creative and productive people, entities and businessed did, do and will use any tools at their disposal to escape barbaric tax racket and turn their attention toward jurisdictions where they treated better than in their own home country.
Trillions of dollars of wealth escaped and will continue escaping away from economies where ruling politicians cannot get their heads out of their bottoms.
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#4>> the customers of offshore banks are likely to be from the wealthiest segment of whichever society they come from. What a surprising discovery. Governments with the most abusive tax policies still cannot realize that they cannot tax their way to prosperity. Most creative and productive people, entities and businessed did, do and will use any tools at their disposal to escape barbaric tax racket and turn their atten…
Governments generally let people do this stuff. It’s the difference between De Jore and De Facto enforcement.
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#5>> the customers of offshore banks are likely to be from the wealthiest segment of whichever society they come from. What a surprising discovery. Governments with the most abusive tax policies still cannot realize that they cannot tax their way to prosperity. Most creative and productive people, entities and businessed did, do and will use any tools at their disposal to escape barbaric tax racket and turn their atten…
What do you recommend for people who want to increase their wealth but aren't rich yet? The people who have potential and a solid foundation but don't yet have the capital necessary to move around like that and find the most favorable place.
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#6If you want more insight into this with less pejorative language, ditch the ICIJ and the Brookings study and look at KPMG, Deloitte and PwC annual reports on the offshore industry.
The also know what they are doing instead of trying to reverse engineer it like these studies are.
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#7>> the customers of offshore banks are likely to be from the wealthiest segment of whichever society they come from. What a surprising discovery. Governments with the most abusive tax policies still cannot realize that they cannot tax their way to prosperity. Most creative and productive people, entities and businessed did, do and will use any tools at their disposal to escape barbaric tax racket and turn their atten…
Do you think there's any level of taxation where a wealthy individual wouldn't want to do some "tax avoidance" in another jurisdiction? I suspect there is not.
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#8If you want more insight into this with less pejorative language, ditch the ICIJ and the Brookings study and look at KPMG, Deloitte and PwC annual reports on the offshore industry. The also know what they are doing instead of trying to reverse engineer it like these studies are.
Do you have a link to one of these reports?
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#9>> the customers of offshore banks are likely to be from the wealthiest segment of whichever society they come from. What a surprising discovery. Governments with the most abusive tax policies still cannot realize that they cannot tax their way to prosperity. Most creative and productive people, entities and businessed did, do and will use any tools at their disposal to escape barbaric tax racket and turn their atten…
Governments generally let people do this stuff. It’s the difference between De Jore and De Facto enforcement.
[deleted]
Re: Evidence from leaked account data on how elites use offshore banking [pdf]
#10>> the customers of offshore banks are likely to be from the wealthiest segment of whichever society they come from. What a surprising discovery. Governments with the most abusive tax policies still cannot realize that they cannot tax their way to prosperity. Most creative and productive people, entities and businessed did, do and will use any tools at their disposal to escape barbaric tax racket and turn their atten…
Do you think there's any level of taxation where a wealthy individual wouldn't want to do some "tax avoidance" in another jurisdiction? I suspect there is not.
"Other" jurisdictions are easily attracting capital from countries who are trigger happy to rob their citizens with taxes.