GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Interesting development in the Cyprus bank story....

RKLover · 03-19-2013, 10:33 AM

You might have to consider, that for us naive Americans, maybe we can't understand putting our money into banks within a country that is economicaly unstable and so damn far away. Most of the US Tax evaders money historicaly went to the Grand Caymans or Switzerland.

Though now the Tax rates in other countries such as Ireland seem to draw the largest Tax evaders, such as Apple and Google. But since the U.S. press is only giving that coverage 3 or 4 times a week, we as a nation remain woefully ignorant of the systemic Tax evasion and Tax havens. That's mostly because Johnny can't read (Both the USA and Canada have functional illiteracy rates in excess of 26%), or cannot bear to read or watch that lamestream liberal media.

If you have been reading any of the Reuters and AP press coverage on this crisis, you would note that the majority of the foreign money effected in the Cypriot "Tax" grab is from Russia, with the remainder primarily coming from the EU.

The estimated loss to Russian Tax evaders is USD 3.1 billion. And sure, Yes, those Russian individuals and companies have worked within the constraints of their Tax code, just as the US Tax evaders do. Just because it's legal, does not make it ethical.

03-19-2013, 10:33 AM
RKLover A B User Industry Role: Join Date: Dec 2007 Posts: 256	You might have to consider, that for us naive Americans, maybe we can't understand putting our money into banks within a country that is economicaly unstable and so damn far away. Most of the US Tax evaders money historicaly went to the Grand Caymans or Switzerland. Though now the Tax rates in other countries such as Ireland seem to draw the largest Tax evaders, such as Apple and Google. But since the U.S. press is only giving that coverage 3 or 4 times a week, we as a nation remain woefully ignorant of the systemic Tax evasion and Tax havens. That's mostly because Johnny can't read (Both the USA and Canada have functional illiteracy rates in excess of 26%), or cannot bear to read or watch that lamestream liberal media. If you have been reading any of the Reuters and AP press coverage on this crisis, you would note that the majority of the foreign money effected in the Cypriot "Tax" grab is from Russia, with the remainder primarily coming from the EU. The estimated loss to Russian Tax evaders is USD 3.1 billion. And sure, Yes, those Russian individuals and companies have worked within the constraints of their Tax code, just as the US Tax evaders do. Just because it's legal, does not make it ethical. __________________ There is no excuse for ignorance, yet it still remains a powerful force.