Tax havens: Super-rich 'hiding' at least $21tn - GoFuckYourself.com

wehateporn · 07-22-2015, 03:35 PM

A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study.

The figure is equivalent to the size of the US and Japanese economies combined.

The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for the Tax Justice Network.

Continued Tax havens: Super-rich 'hiding' at least $21tn - BBC News

geedub · 07-22-2015, 04:10 PM

Sweet article from 2012 man.

Rochard · 07-22-2015, 04:27 PM

Taxes are a joke. Write off everything you can.

Just discovered my truck needs about $1k of work. It's a company owned truck; We need it for our local business. Write off.

MrBottomTooth · 07-22-2015, 04:33 PM

Just hope you never get an in depth audit. Around here you have to keep vehicle logs when you have a vehicle that gets personal use too.

epitome · 07-22-2015, 11:26 PM

Quote:

Originally Posted by Rochard

Taxes are a joke. Write off everything you can.

Just discovered my truck needs about $1k of work. It's a company owned truck; We need it for our local business. Write off.

Mileage deduction almost always ends up being more, but whatever. I wouldn't be surprised if you're taking both. You've already demonstrated that you're not audit proof.

Paul Markham · 07-23-2015, 04:51 AM

Too hide money all you have to do is dig a pit, throw the money in and burt it. To ensure no one ever finds it, set light to it.

Otherwise it's money in a bank somewhere gaining interest, because of the bank's investments, you're not paying taxes on. When the interest or capital is spent it's taxed, providing jobs, keeping the wheels turning, etc.

Should retail taxes be higher? It would mean less people able to dodge paying so little tax.

If a Government can't cover it's spending by reducing spending, like less police, fireman, road repairs, cleaners, etc, raise taxes or send the country deeper into debt. So our children pay it off, or the whole thing melts down.

Paul Markham · 07-23-2015, 04:55 AM

Quote:

Originally Posted by Rochard

Taxes are a joke. Write off everything you can.

Just discovered my truck needs about $1k of work. It's a company owned truck; We need it for our local business. Write off.

And that local business is?

I would imagine if it's not something that required a truck and you earn most of your income from your home office. Beware!!!

Ever been audited?

In the UK they drag you in, tell you it's not acceptable and send you away to redo the accounts, without a clue what they picked up on. I would prefer the police with a search warrant, it told me what they were looking for.

12clicks · 07-23-2015, 05:08 AM

so nonsensical. If you have offshore cash you turn it into offshore assets, you don't let it sit as cash, especially in this economy. Dumb article by a dumb person.

Grapesoda · 07-23-2015, 07:17 AM

Quote:

Originally Posted by Paul Markham

And that local business is?

I would imagine if it's not something that required a truck and you earn most of your income from your home office. Beware!!!

Ever been audited?

In the UK they drag you in, tell you it's not acceptable and send you away to redo the accounts, without a clue what they picked up on. I would prefer the police with a search warrant, it told me what they were looking for.

the accountant I use was an auditor for the state of California... every is done with an audit in mind

Barry-xlovecam · 07-23-2015, 07:20 AM

Eat the welfare mooches (on the dole) they are fatter and taste better

poncabare · 07-23-2015, 01:59 PM

Quote:

Originally Posted by geedub

Sweet article from 2012 man.

LOL... thought the same exact thing

07-22-2015, 03:35 PM	#1
wehateporn Promoting Debate on GFY Industry Role: Join Date: Apr 2007 Posts: 27,173	Tax havens: Super-rich 'hiding' at least $21tn A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study. The figure is equivalent to the size of the US and Japanese economies combined. The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for the Tax Justice Network. Continued Tax havens: Super-rich 'hiding' at least $21tn - BBC News __________________ Sexy Girls Teasing

07-22-2015, 04:10 PM	#2
geedub Confirmed User Industry Role: Join Date: Jun 2005 Location: concrete jungle Posts: 3,488	Sweet article from 2012 man. __________________ Reliable web host that actually cares, tell em geedub sent ya. Vacares

07-22-2015, 04:27 PM	#3
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,785	Taxes are a joke. Write off everything you can. Just discovered my truck needs about $1k of work. It's a company owned truck; We need it for our local business. Write off. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

07-22-2015, 04:33 PM	#4
MrBottomTooth Confirmed User Join Date: Sep 2009 Posts: 5,795	Just hope you never get an in depth audit. Around here you have to keep vehicle logs when you have a vehicle that gets personal use too. __________________ Get Paid Per Email Like The WEGCASH Days!!!!

07-23-2015, 04:51 AM	#6
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	Too hide money all you have to do is dig a pit, throw the money in and burt it. To ensure no one ever finds it, set light to it. Otherwise it's money in a bank somewhere gaining interest, because of the bank's investments, you're not paying taxes on. When the interest or capital is spent it's taxed, providing jobs, keeping the wheels turning, etc. Should retail taxes be higher? It would mean less people able to dodge paying so little tax. If a Government can't cover it's spending by reducing spending, like less police, fireman, road repairs, cleaners, etc, raise taxes or send the country deeper into debt. So our children pay it off, or the whole thing melts down. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

07-23-2015, 05:08 AM	#8
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,779	so nonsensical. If you have offshore cash you turn it into offshore assets, you don't let it sit as cash, especially in this economy. Dumb article by a dumb person.

07-23-2015, 07:20 AM	#10
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Eat the welfare mooches (on the dole) they are fatter and taste better