Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Fraud and fiscal evasion: the billions that plague Europe

  1. #1

    Fraud and fiscal evasion: the billions that plague Europe

    Τhe European Commission is referring to it as “a huge problem”. €2 trillion are missing each year from state budgets, according to the latest estimates, due to tax evasion by the wealthy. These amounts are enough to make the sacrifices made in the name of austerity look ridiculous. They are also enough to encourage states to engage in war –media or legal– against tax evasion. How is France and its neighbours fighting against this scourge? Are the strategies in use up to the challenge? Let’s do a little trip around Europe..
    “A script full of endless flashbacks”: if tax fraud were the central theme of a bad TV series, this would be the critique of the Europeans after watching the last episode.
    The complaint of tax offenses is not a recent phenomenon. Already in 2006 the European Commission expressed its regret for the extent of tax evasion in Europe, which was estimated between 2% and 2.5% of EU GDP, or between €200 and €250 billion. Greatly underestimated.
    Since then, the revelation of ICIJ (International Research Consortium of Journalists) about offshore companies, the Cahuzac case in France, the Uli Hoeness case in Germany, the conviction of the fashion designers Dolce & Gabbana in Italy, and the low taxes paid by multinational companies such as Apple and Google. In May 2013, the Commission revises its assessment: the evasion reaches €1 trillion…: This is an enormous amount of money, which seems even more shocking in view of the austerity policies implemented in the continent.
    In September r this figure climbs up to €2 trillion; not very far from the
    estimates of the International NGO “Tax Justice Network”.
    Summits and statements of good intentions are accompanying such evaluations. But not only: the development of systems for combating tax evasion is tedious, but effective and is bringing results in Europe:


    “The reform of the VAT system, the EU actions to combat tax fraud (…) are in the right direction. We know the problem, we have identified the solutions and it is time for Member States to act”
    Algirdas Šemeta, European Commissioner on tax matters, urged recently. “The culture of tax is the culture of democracy. It reflects the will of people to contribute to public life”, notes Daniel Lebègue, president of the French section of “Transparency International”, in the columns of Le Monde.
    Succeeding what exactly? In Germany, France, Italy and England, the fight against tax evasion prevails in national debates.
    Fraud and fiscal evasion: the billions that plague Europe » x-pressed | an open journal


    Also, Each year taxpayers get stuck paying hundreds of dollars more because of corporate tax avoidance.


    Fast Food Companies Like Subway, McDonald’s and Starbucks Are Gaming the System to Avoid Millions in Taxes

    As Waldron notes, “in the U.S., corporate tax avoidance cost the average individual taxpayer $434 in 2010, according to the California Public Interest Research Group.
    Fast Food Companies Like Subway, McDonald’s and Starbucks Are Gaming the System to Avoid Millions in Taxes | Alternet

    What our politicians are going to do about this issue? What are your thoughts on this?
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  2. #2
    Join Date
    Jan 2009
    Location
    Hellfire, AZ
    Posts
    3,207
    Corporate tax avoidance is usually completely legal and based upon incentives that are part of the tax laws. There is nothing illegal or immoral or unethical about it.

    The smart thing to do for any business is the pay the lowest amount of tax that they are legally required to pay. That is why large corporations have teams of accountants and tax attorneys. They are not gaming the system if they are following the laws.

    The real problem in the USA is the 47+% (some say it is now over 50%) of people who pay zero Federal income taxes due to our progressive tax system that shifts the entire tax burden onto people who work hard and earn a good living. As you know, in Europe everyone who earns a wage pays taxes and the taxes are taken out before you see your paycheck. The percentage of people who actually pay taxes is much higher in Europe than in the US. The taxes are also much higher than in the USA in order to support socialist systems.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  3. #3
    Be careful not to fall in this trap, you have to make the difference between Legal tax avoidance vs.criminal tax evasion.
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  4. #4
    On the same topic:

    How we did Offshore Leaks China

    A multinational team of journalists spent months combing through secret tax haven records revealing offshore holdings of China’s rich and powerful.
    How we did Offshore Leaks China | International Consortium of Investigative Journalists

    When officials are evading tax from their own homeland tax policy...
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  5. #5
    Join Date
    Jan 2009
    Location
    Hellfire, AZ
    Posts
    3,207
    Quote Originally Posted by Franc Tireur View Post
    Be careful not to fall in this trap, you have to make the difference between Legal tax avoidance vs.criminal tax evasion.
    Of course there is a big difference, but the issue addressed in the articles is about legal tax avoidance, as if that is a bad thing. It is just another attempt by liberals to create class warfare issues. No one should have to pay more taxes than they are required to pay.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  6. #6
    Quote Originally Posted by TopDogger View Post
    They are not gaming the system if they are following the laws.
    Really? I am sorry but I have to laugh on this one.

    Lobbying is not gaming the system? if is not, I don't know what to say
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  7. #7
    Join Date
    Jan 2009
    Location
    Hellfire, AZ
    Posts
    3,207
    We are not talking about lobbies. The focus was on legal tax avoidance.

    It is not just corporations that create lobbies. They are just part of the pack along with environmentalists, unions, pro-abortion groups, anti-abortion groups, agriculture, energy, manufacturing, universities, pro-welfare groups, pro-gun, anti-gun, pro-drug use, anti-drug use, etc. You cannot single out corporations as gaming the system when every special interest group is trying to game the system.

    Personally, I think ALL lobbying groups and political donations should be outlawed so that politicians start to focus on what we elect them to do. However, I very realistically know that this is not likely to happen.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  8. #8
    Quote Originally Posted by TopDogger View Post
    We are not talking about lobbies. The focus was on legal tax avoidance.

    It is not just corporations that create lobbies. They are just part of the pack along with environmentalists, unions, pro-abortion groups, anti-abortion groups, agriculture, energy, manufacturing, universities, pro-welfare groups, pro-gun, anti-gun, pro-drug use, anti-drug use, etc. You cannot single out corporations as gaming the system when every special interest group is trying to game the system.
    I agree with you that lobbying is not only about corporations, but I can insure you that behind lobbying there is most of the time the corporations behind whatever the subject.

    Personally, I think ALL lobbying groups and political donations should be outlawed so that politicians start to focus on what we elect them to do. However, I very realistically know that this is not likely to happen.
    Lobbying is a perversion of the general interests, they are minority extremely powerful financially to influence their own interests, and not in the general interests. I am realistic too, politicians should at least display on their records from who they are influenced when voting laws
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  9. #9
    Join Date
    Jan 2009
    Location
    Hellfire, AZ
    Posts
    3,207
    Quote Originally Posted by Franc Tireur View Post
    I agree with you that lobbying is not only about corporations, but I can insure you that behind lobbying there is most of the time the corporations behind whatever the subject.
    Sorry, but I don't know where you get your information, but I cannot agree with that statement. Do you think there are corporations behind the gay lobby, the environmentalist lobby, pro-welfare lobby, union lobbies, anti-gun lobbies, etc? Each group stands on its own and most lobby groups work against corporate interests.

    The entire political system has been corrupted and perverted by lobbying groups. We elect politicians who are supposed to work for us, but their interests all too often reflect those of their financial supporters. Follow the money.

    Why do you thing Obama is a strong supporter of Monsanto and their GMO products? It is not because he believes in what they do. Follow the money.

    The corporate lobbyists are there because the politicians encourage them. Most corporations try to stay out of politics because it can have such a negative impact if their chosen side loses an election. Even mega-companies like Microsoft steered clear of politics until Bill Clinton sent his goons into Microsoft in an attempt to extract funding. The story that circulated at the time was that Bill Gates personally threw the guys out. The result was a federal law suit that cost Microsoft millions of dollars until the suit was dropped after Bush was elected. Today Microsoft donates millions to each party and both parties leave them alone. It's like paying protection money to the Mafia.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  10. #10
    Quote Originally Posted by TopDogger View Post
    It's like paying protection money to the Mafia.
    All the crime organization systems were inspired by really bad governments. The competitors of the government are whatever underground criminal organizations, sometimes they even work together.

    Long time ago I read a very enlightening book about the gov, criminal organizations and espionage. I don't know if they ever made a version in English, I guess it is unlikely
    Dossier E... Comme Espionnage
    http://www.priceminister.com/mfp/102704/dossier-e-comme-espionnage-nicolas-fournier-legrand-edmond#pid=72963639


    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


Page 1 of 2 12 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •