Tax evasion of the multinationals, the holdup of the century.

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Tax evasion of the multinationals, the holdup of the century.




by Christophe » 10/09/13, 17:50

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by sherkanner » 11/09/13, 13:55

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by elephant » 11/09/13, 17:58

But who was the first: the chicken or the egg?

The tax evasion or the incredible greediness of the Belgian and French governments which, as soon as they find a cent, create new spending items for 2!

It is normal that healthy financiers do not want to be deprived of their tool for expansion: profits. Because from a certain level, money is a tool.
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by Christophe » 12/09/13, 20:08

And video on Youtube: http://www.youtube.com/watch?v=CbA-Wi_Bfxw

Weird the author is "Arte + 7" but a priori there is no limit on Youtube, unless the author removes it "by hand" ...

We will see in 1 week ...

Otherwise it is wrong to say that multinationals do not pay taxes: if the legal person that is a multinational pays little or no thanks to tax optimization ... its employees pay them well, and as the employees of multinationals are generally well paid ...

In short, the multinational therefore pays indirectly, provided that its employees are domiciled in the territory of the State in question, of course ...


I don't know if this thing is mentioned in the documentary (I haven't seen it in full yet) ...

It's a bit like talking only about the social security hole while forgetting to talk about taxes on the sale of drugs ...
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by Christophe » 13/09/13, 11:33

I looked at the whole, the fact that I just mentioned is not specified ...

In short, tax evasion is bad, but the physical relocation of factories is worse ... so politicians must take measures against these 2 industrial and economic plagues!
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by moinsdewatt » 15/02/15, 20:20

I went to see this documentary this afternoon.

The Price to Pay: a documentary that denounces tax havens

06 Feb 2015 Le Figaro

VIDEO - Signed Harold Crooks, the committed documentary released in theaters on Wednesday explains the genesis and the driving forces behind offshore finance.

From 21.000 to 32.000 billion dollars, the equivalent of 10 to 15% of the world's financial heritage! This is an estimate of the money hidden in tax havens at the end of 2010. In his shock documentary released in theaters on Wednesday, Harold Crooks, used to committed films, wonders: if the "price to pay" - film title - was the death of our democracies? "The golden age of the liberal state, the welfare state, it's over," says Saskia Sassen, one of the economists interviewed. The social contract is broken. ” Post-war prosperity - illustrated by shots of clean neighborhoods, children's laughter and the happiness of their parents - contrasts with that of the underprivileged of the financial crisis: abandoned neighborhoods, dilapidated homes, families thrown in the street.
"It's not illegal, it's immoral!"

Alternating special effects, archive images and expert testimonies - often former "insiders" from investment banks, consulting firms - the director deciphers offshore finance, explains its origins and the sources. On the dock: the City of London and the dependencies of the crown (Jersey, Guernsey, the Isle of Man, the Cayman Islands…). How in the sixties London bankers created using loopholes in the law of tax havens in the former colonies of the British Empire.

The Price to Pay points to the big multinationals, the digital giants - Amazon, Apple or Google - who surround themselves with armadas of lawyers and tax specialists to reduce their taxes to almost nothing. And this figure mentioned by the OECD: 75% of their profits are located in Switzerland, Singapore and the Cayman Islands. These practices are legal, defendants defend themselves, but nonetheless scandalize public opinion at a time when the coffers of the States are empty. One of the memorable scenes of the Price to Pay is where Matt Brittin, Google's vice president for the UK, tries to justify his company's practices before a parliamentary commission of inquiry. "To develop internationally, he says, you have to protect your intellectual property, manage your costs well to satisfy our shareholders," he says. "So you are minimizing your taxes, which is unfair to the English taxpayer," said commission chair Margaret Hodge. "No because we pay all the required taxes. In Great Britain, we paid 6 million! ” he defends himself. The president's scathing reply: "What you do is illegal but immoral!".
...........................


the following : http://www.lefigaro.fr/conjoncture/2015 ... iscaux.php

Image

http://www.premiere.fr/film/Le-Prix-a-P ... re-4068957
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by chatelot16 » 15/02/15, 21:36

we make fun of greece unable to make tax pay to the richest, but with us it is not better!

the only ones who pay everything are employees and small businesses! they have no way to cheat ...

large companies have multiple ways to avoid paying

chasing fraud is one way to do it, but it's like putting out the fire without cutting the gas

it takes firefighters to put out the fire (drive out fraud) but I should not forget to turn off the gas: improve taxes to avoid fraud

above all, it would require competent government to invent tax that is less badly placed, more efficient, less prone to fraud ... above all, simpler so as not to leave tax optimization to large companies

who the world tax paradises or fiscal hell? without hell there would be no need for paradise
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by elephant » 16/02/15, 10:02

Perhaps one of the only ones against the howling pack, an independent and pragmatic political commentary site sets the record straight, facing the howling pack of indignant sheep.

The site www.democratie-nouvelle.be.ma points out that the amount recoverable from the tax on fugitive capital in 10-20 years represents only half of the annual cost of workers "posted" under the Bolkenstein directive

(these posted workers cost 1 job, so generate around 1000 euros of unemployment benefit (expense) and pay taxes and social laws at home (loss of earnings). So each posted worker causes a loss of about 2500 euros X 12par year for public money for the Belgian state.

http://democratie-nouvelle.skynetblogs. ... 83164.html

what makes me particularly laugh is that the commentator shows that the cost of .... leaks is a bit of a straw in the face of the debt beam due to incompetence (or ill will? ) governments!
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by Ahmed » 17/02/15, 21:19

The above reflections call for some remarks.
Speaking of paradise or hell, refers here only to journalistic categories which do not shed any light on the subject.
One of the springs of the functioning of our societies is the capacity of the dominant ones to arouse the empathy of a maximum of people who project themselves more or less consciously in their place.
This is a rather surprising thing, of which we see a good example here, whereas from a strict logical point of view, it is because the biggest potential contributors to the state budget, without giving up the services that 'it provides, discard their contributory obligations and thus operate a transfer on those who then undergo the entire levy.

There is little hope that this situation will change for several reasons.
As we have seen, there is little popular pressure on governments regarding the fight against these phenomena, since antagonism or objective contradiction is often felt to be a similarity.
States are powerless, (even if they would like to, which is nothing less than assured) before transnational entities which optimize their functioning on a global scale.

More fundamentally, only a strategy sufficiently extractivist to recruit here well-trained collaborators thanks to the taxes of others, to obtain raw materials in countries with export economy with low added value, to transform these materials into others sufficiently impoverished to sell off their workforce and market them in countries with a high standard of living, paying taxes in places where taxes have a significant leverage effect * can still add value and escape common limitations.

If there is therefore one lesson that it is possible to draw from it, it is that the success of these firms reveals, in a hollow, the state of blockage in which companies find themselves which have to face the market without these multiples. "tips".

* A very small percentage paid to a tiny state that serves as a simple mailbox represents a windfall for the latter and an obol for the multinational.
Let it not be said that all of this is marginal: in 2001, 63% of merchant ships sailed under flags of convenience ...
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by Grelinette » 17/02/15, 22:31

Ahmed wrote:...

There is little hope that this situation will change for several reasons.
As we have seen, there is little popular pressure on governments regarding the fight against these phenomena, since antagonism or objective contradiction is often felt to be a similarity.
States are powerless, (even if they would like to, which is nothing less than assured) before transnational entities which optimize their functioning on a global scale.
...

If, the situation can evolve for the simple reason that these practices can collapse the system which precisely allows these tax optimization practices, fraud, etc.

To some extent, this may be partly what has happened in Greece: some dominant (holders of the greatest wealth) are purely and simply exempt from taxes.

So certainly, these dominant can leave the ship which sinks as quickly as possible, but the system which privileged them collapsed.

(* A few months ago, economists claimed that a gigantic part of the Greek wealth was in Swiss banks).

For a few days we have heard in the media that French pension funds are close to bankruptcy ... and at the same time the major industrial and financial groups broke dividend records in 2014!

In short, the economy generates a lot of money and this money leaves the economic system. Logic dictates that this system implodes.
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