Re:New facts about the leadup to the Beirut explosion
by comprev on Wednesday August 26, 2020 @03:25AM
(#24280030)
As soon as they tighten regulations on shell companies and awful lot of wealthy people might have to start paying tax. Those people also happen to be highly influential in the world of global politics. Sitting in their ivory towers, a devastating explosion in a 3rd world country miles away won't change anything.
It's a sad reflection of the world we live in today.
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Re:New facts about the leadup to the Beirut explosion
by black_puppydog on Wednesday August 26, 2020 @10:02AM
(#24282555)
Hey, don't mangle your metaphors! The ivory tower is full of tweed-wearing humanities and economics professors that nobody pays attention to. You must be thinking of some other building, full with fat cats. :P
Re:New facts about the leadup to the Beirut explosion
by comprev on Thursday August 27, 2020 @03:08AM
(#24290854)
Thank you for the correction, I had ivory in my head for some reason. Oh well, it still gets the point across with context :-)
Re:New facts about the leadup to the Beirut explosion
by JKCalhoun on Wednesday August 26, 2020 @02:39PM
(#24285733)
Sitting in their high castles then.
Re:New facts about the leadup to the Beirut explosion
by ChuckNorris89 on Wednesday August 26, 2020 @06:29AM
(#24281108)
>awful lot of wealthy people might have to start paying tax
I doubt they will. Most likely outcome is their tax consultants will have to get craftyer. Closing loopholes and tax havens is a continuous game of whack a mole where the authorities are always a step behind.
Re:New facts about the leadup to the Beirut explosion
by suby on Wednesday August 26, 2020 @06:39AM
(#24281149)
If there is always another loophole and these attempts at closing them don't matter, they wouldn't collectively be spending billions of dollars in lobbying to keep the current status quo. It's pretty clear that legislation can make a substantial dent in the amount of revenue that can be collected via taxes.