Hsbc

[jahmez]

Off shore banking is the bomb, if you havent tried it, do it! No tax, maybe a few procent but no more then that, you earn more. why pay 56 % tax in sweden when you can get away with paying 10 % as that is a lot too! I would say you're stupid if you pay 56 % tax, when you paying 11 procent sales tax on every product you buy anyway! We pay annual tax for fixing our roads where i'm from, while you pay taxes on your car, and you pay taxes on your food, you pay taxes on your bills, and when you get paid you pay taxes because you make money too. Really good if you have your own company!

taxtaxtaxtax, everything is taxed nowdays, while the preminister is flying first class to get to his meeting in koh phangan for the full moon party with the president of islam. screw that. Hongkong was really good for off shore banking when schweiz busted up bad.

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.

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.

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.