General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCBC*: 5 big leaks of tax-haven records before the Pandora Papers
* Canadian Broadcasting Corporation details previous leaks of tax-haven records.
https://www.cbc.ca/news/offshore-tax-haven-leaks-panama-pandora-paradise-papers-1.6205447
These include:
HSBC Geneva - 2009
HSBC Jersey - 2012
Offshore Leaks - 2013
Panama Papers - 2016
Paradise Papers - 2017
And of course the latest revelation:
Pandora Papers - 2021
Read all about these various revelations. What's missing is a report on how all
the individuals and groups involved have now paid their fair share of taxes and
promise to never do it again.
There's lots more text and photos at the link given above.
Scrivener7
(51,026 posts)own control are the ones who own the information systems, so they are able to take these revelations and sweep them quickly under the rug. It also allows them to prevent any real solution to the problem they reveal.
Remember Hillary's "vast right wing conspiracy"?
The response to these scandals illustrates the dangers of these scandals.
Lonestarblue
(10,106 posts)They pay a very small percentage of taxes on their total earnings because much of it is hidden and not taxed. When someone as wealthy as Jeff Bezos legally pays no federal income taxes, its time to revise our tax laws. Its also long past time to revise our laws on incorporation and shell companies.
abqtommy
(14,118 posts)Farmer-Rick
(10,216 posts)It has to be given to someone. Who do you think is really paying the majority of our taxes?
Why do I have to pay taxes on my land and home and annual "registration" fees on all my vehicles? And yet where are the annual government fees and taxes on stocks?
When the government borrows money, because they can't tax the filthy rich anymore, they borrow it from the filthy rich. So, the filthy rich don't pay taxes and get interest on the money the government borrows from them. Money they should have paid in taxes. It's a scam. The whole capitalist oligarchy is on big scam to extract our national wealth.
I don't mind paying taxes. It's a cost of living in a society. I just object to how the filthy rich spend it.