Friday, 22 April 2016

Fundamentals

Just imagine. Here you are, an accomplished capitalist exploiter of the working class 'making' loads of money. You decide to avoid/evade taxes on your voluminous revenues by placing them beyond the normal reach of the relevant national tax authorities. Then, damn it, some politicians get embarrassed by what you and others have done. There might even be an unseemly intrusion into your personal dealings in tax havens, and a risk that some laws get changed. Not much of a risk, but it's possible.

Still, no real need to worry.

In the furore, nobody has seen fit to question where you got the money from in the first place. Your exploitation is perfectly OK, as long as you pay your taxes. And as long as that exploitation is unchallenged, the system you benefit from can go on much as before.

Tony Norfield, 22 April 2016

1 comment:

Gordon Ker said...

By their very nature tax havens were established for the very rich to stash their excess capital. It is now apparent that the system is in crises by the exposure of these secretive establishments in the mainstream media. This is desperation, full employment will be the only way to raise taxes.