Reply to post: Re: Basic Problem

Multinationals hiding more than half a trillion from G20 tax collectors

JohnMurray

Re: Basic Problem

The basic problem, more so than the taxation being built into the price, is that the money being salted away is not being used in the economy. No investment into productive use, unless you count buying property in London/New York as productive.

Paying as little tax as legally possible, well, that's ok..so I'll just open myself a few offshore accounts and shift my wages to Bermuda via Ireland...bet the gov would rapidly shift its arse to shut that down: If 30 million people did the same as a few corporations, or a few hundred multi-billionaires.

The rich get away with it because they're rich, and have bought the politicians.

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