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Re: Hsbc
You're right, evading taxes is wrong and tax evasion is rightly illegal. But this HSBC incident is tax avoidance, which is entirely legal. Tax evasion and tax avoidance. Two completely different things.Originally Posted by Master
Pay your fair share of tax and stop tax evading which is illegal. Companies like Costa, Amazon and Google take our money and should have to pay tax like all other companies. Imprisonment is the only way to stop it.
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Re: Hsbc
I would pay tax if it was reasonable like in different countries, like Australia and USA for example where it's reasonable! I can give you an example, Have anyone of you heard of Astrid Lindgren? She's was a Swedish writter who wrote books for children. a scandal arose in Sweden when Lindgren's marginal tax rate was publicised to have risen to 102%, And big companies move overseas for its impossible to have a business in here, Like Volvo, they are overseas now, Saab didn't move overseas and they got out of business instead. "capitalism is above the law It say, "it don't count 'less it sells" When it costs too much to build it at home You just build it cheaper someplace else." But companies that don't have the ability to move overseas have to do something about the high tax rate, so most of them lower the invoice/income, getting offshore banks just to survive, and the economic durring the past years been horrible! And we had an election not to far ago and it just went really bad.You're right, evading taxes is wrong and tax evasion is rightly illegal. But this HSBC incident is tax avoidance, which is entirely legal. Tax evasion and tax avoidance. Two completely different things.
Pay your fair share of tax and stop tax evading which is illegal. Companies like Costa, Amazon and Google take our money and should have to pay tax like all other companies. Imprisonment is the only way to stop it.
But then when it come to a drug cartel its another thing. Somepoeple do it for survive, some people doing it for becoming rich. it's two different things
Last edited by Xwetie; 02-17-2015 at 03:53 PM.
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Re: Hsbc
Scandinavian countries all have a lower corporate tax rate than Germany does. Germany also has the strongest unions and the second-highest level of worker protections and benefits in Europe but also has the lowest unemployment rate, a booming export-driven economy and a massive trade surplus.I would pay tax if it was reasonable like in different countries, like Australia and USA for example where it's reasonable! I can give you an example, Have anyone of you heard of Astrid Lindgren? She's was a Swedish writter who wrote books for children. a scandal arose in Sweden when Lindgren's marginal tax rate was publicised to have risen to 102%, And big companies move overseas for its impossible to have a business in here, Like Volvo, they are overseas now, Saab didn't move overseas and they got out of business instead. "capitalism is above the law It say, "it don't count 'less it sells" When it costs too much to build it at home You just build it cheaper someplace else." But companies that don't have the ability to move overseas have to do something about the high tax rate, so most of them lower the invoice/income, getting offshore banks just to survive, and the economic durring the past years been horrible! And we had an election not to far ago and it just went really bad.You're right, evading taxes is wrong and tax evasion is rightly illegal. But this HSBC incident is tax avoidance, which is entirely legal. Tax evasion and tax avoidance. Two completely different things.
Pay your fair share of tax and stop tax evading which is illegal. Companies like Costa, Amazon and Google take our money and should have to pay tax like all other companies. Imprisonment is the only way to stop it.
But then when it come to a drug cartel its another thing. Somepoeple do it for survive, some people doing it for becoming rich. it's two different things
Firms like Nokia can come from nowhere in a country with zero tech heritage and become a world-class tech company so it would appear that there aren't too many barriers to business to succeed over there.
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Accruing tax liabilities and then simply not paying them is even more fun. A small time sole trader owes hundreds of thousands of dollars to the tax office. File for bankruptcy and like any other provable unsecured liability due and payable pre - bankruptcy date the Trustee only has to make income contributions to the creditor once a certain threshold is exceeded. "Controlling" net business income under this threshold operating as a sole trader is not realistic so a private company is created and an associate is made director (as a bankruptee must first be discharged before they are eligible to hold such office). Pay the bankruptee a paper wage that is conveniently under the threshold while a paper director's fee along with any other paper wages paid to other "employees" of the company are passed under the table to the bankruptee. Effectively the debt is written-off after a few years and business has carried on as usual. It is not just the big boys getting cheeky, it could also be your next door neighbour - the hundreds of thousands who fly under the radar.You're right, evading taxes is wrong and tax evasion is rightly illegal. But this HSBC incident is tax avoidance, which is entirely legal. Tax evasion and tax avoidance. Two completely different things.
Pay your fair share of tax and stop tax evading which is illegal. Companies like Costa, Amazon and Google take our money and should have to pay tax like all other companies. Imprisonment is the only way to stop it.
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