Re:Secret Files Expose Offshore’s Global Impact
by coldtea on Thursday April 04, 2013 @06:53PM
(#5495817)
>I love how the article spins it such that offshoring is only for sinister, evil people. The reality is that most people use offshoring as a hedge against insolvent governments, and depending on their industry, the very real threat of criminal prosecution for benign activity.
In the Western world, most people use off shores to avoid paying taxes that regular citizens pay and that they, themselves would have to pay if not for hiding their money through various channels.
We might not like high taxation, in Europe, but we do believe in fair taxes and in our state having money for education, health, military, etc. And we consider those people using tax havens and offshoring to be the scum of the earth, at least in popular, average person, opinion. See the popular reaction to Gerard Depardieu seeking tax shelter outside France for an example.
In the Western world, most people use off shores to avoid paying taxes that regular citizens pay and that they, themselves would have to pay if not for hiding their money through various channels.
We might not like high taxation, in Europe, but we do believe in fair taxes and in our state having money for education, health, military, etc. And we consider those people using tax havens and offshoring to be the scum of the earth, at least in popular, average person, opinion. See the popular reaction to Gerard Depardieu seeking tax shelter outside France for an example.