fortune hunters (tax multinationals)

[Christophe]

The fortune hunters: a Belgian short documentary on the "equality" of the tax burden: http://www.youtube.com/watch?v=U3qgBRr8rqE#!

Attention it is quite revolting (especially for employees in Belgium ...)

We will also appreciate the alternation of FR / NL languages! It's the first time I see that in a documentary ... (union is the strength they said)

Website: http://www.hetgrotegeld.be/index.php/le ... elles/show

[dedeleco]

Belgium looks like a better tax haven than France for the wealthy !!!
Christophe crossed the border for that, in anticipation, at least for the future, when econology will be as well known as FaceBook !!

Anyway any global group, by manipulating prices, will put its profits in tax havens and its losses in countries with lots of taxes !!

Finally in Japan they also have the Madoff method at $ 1,3 billion virtual in smoke loss !!
and this 3 years after the USA, but still similar, no real control !!!
http://www.lesechos.fr/economie-politiq ... 305155.php
http://www3.nhk.or.jp/daily/english/20120325_21.html
http://www.reuters.com/article/2012/03/ ... 2U20120323
http://www.francaisenouvelles.com/le-ja ... eants-aij/

Police raid the offices of the Japanese AIJ fund

The agents of the Japanese stock exchange regulator searched the premises of the asset management company AIJ Investment Advisors. They suspect the group of having violated several financial regulations and having falsified part of its stock market documents to make believe that it obtained exceptional returns on investment. Last February, the company admitted that it had “lost” most of the 210 billion yen (2 billion euros) of capital which had been entrusted to him by the retirement funds of more than a hundred companies. Near 880.000 employees of the archipelago could be victims of the case. The scandal alerted the Japanese authorities to the state of health of companies managing the country's pensions.

AIJ likely used new client funds for cover-ups

Sources close to AIJ Investment Advisors say the asset management firm covered up huge losses by giving funds from new clients to those ending their contracts, while manufacturing operational success.

The firm allegedly lost about 1.3 billion dollars of its clients' money, much of it from corporate pension funds. It is suspected of having falsified investment statements to show profits, and tricking new clients into signing contracts under false pretenses.

The Securities and Exchange Surveillance Commission carried out a search of the Tokyo-based firm on Friday.

The sources said AIJ used more than 670 million dollars from new clients to raise a portion of the more than 850 million dollars returned to clients terminating their contracts.

The securities watchdog will look into the details of the firm's fund-management operations and possibly file fraud charges against its president and other executives.

Sunday, March 25, 2012 23:18 +0900 (JST

[Christophe]

Belgium looks like a better tax haven than France for the wealthy !!!

Bof ... it would surprise me that the multinationals established in France pay so much more taxes to France ... this is not known publicly so that people do not revolt ... See the well-known example of Coca Cola ... Macdo must do the same ...

The difference is that the French worker pays less ...

The "difference" is therefore smaller in France. For information, a Belgian "smicard" pays around 3000 € in taxes per year ... deducted "at source" (it goes better socially) ... see rate here:

http://fr.wikipedia.org/wiki/R%C3%A9gim ... imposition

If Belgian smicard at 1100 € net before taxes, he will pay roughly 3600 € if I am not mistaken ...

As for your "forecast" it's nice, but at the rate it is going, it would take ah ... a few centuries if not millennia ...