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Thread: Tax Avoidance: Is it a good thing?

  1. #1
    Senior Member Gerry Clinchy's Avatar
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    Default Tax Avoidance: Is it a good thing?

    http://finance.townhall.com/columnis...1298/page/full
    Interesting article on low tax rates in different countries.

    As has recently been witnessed in France, raise taxes to an unreasonable rate, and people leave for less hostile environments. Actually, it's not much different from anything else. Persecute people for religious beliefs, and they will leave for a more hospitable place. If there is famine or social instability, those who can will find a place with better chances of survival. Taxes are just one more factor that can make an environment hospitable or hostile.

    One brief paragraph from the article:
    So I try to educate them about the link between taxes and growth in hopes that they will understand that a vibrant economy also means a large tax base.


    And I specifically tell them that so-called tax havens play a very valuable role since they are an alternative source of investment capital for nations that have undermined domestic investment with bad tax policy.


    And I also explain to them that low-tax jurisdictions give companies some much-needed flexibility to maintain operations in an otherwise hostile fiscal environment. Letís look at that specific issue by reviewing some of the findings from a study by two Canadian economists about tax havens and business activity.

    Worth the read.
    G.Clinchy@gmail.com
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  2. #2
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    Quote Originally Posted by Gerry Clinchy View Post
    http://finance.townhall.com/columnis...1298/page/full
    Interesting article on low tax rates in different countries.

    As has recently been witnessed in France, raise taxes to an unreasonable rate, and people leave for less hostile environments. Actually, it's not much different from anything else. Persecute people for religious beliefs, and they will leave for a more hospitable place. If there is famine or social instability, those who can will find a place with better chances of survival. Taxes are just one more factor that can make an environment hospitable or hostile.

    One brief paragraph from the article:

    Worth the read.[/FONT][/COLOR][/FONT][/COLOR]
    Gerry - I posted on UB's thread about Meredith Whitney's book "Fate of the States". We see it here in WA - hostile unions, an anti business government & in todays environment people will either move or do something different. The ability to move, in some cases piecemeal as we see with Boeing, gives a business flexibility.
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  3. #3
    Senior Member swampcollielover's Avatar
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    Tax Avoidance is still legal, although with Obama in office that may not last, and you may get audited anyway! Tax evasion is illegal, unless you are on Obama's Cabinet! Or a Liberal Democratic Congress Person.

  4. #4
    Senior Member Franco's Avatar
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    Quote Originally Posted by Gerry Clinchy View Post
    http://finance.townhall.com/columnis...1298/page/full
    Interesting article on low tax rates in different countries.

    As has recently been witnessed in France, raise taxes to an unreasonable rate, and people leave for less hostile environments. Actually, it's not much different from anything else. Persecute people for religious beliefs, and they will leave for a more hospitable place. If there is famine or social instability, those who can will find a place with better chances of survival. Taxes are just one more factor that can make an environment hospitable or hostile.

    One brief paragraph from the article:

    Worth the read.[/FONT][/COLOR][/FONT][/COLOR]
    Just another Tax Loophole. Time for a Flat Tax and put an end to the IRS!

    When the idea of an IRS was sold to the American people in 1913, they told us the top rate would be 3%. Well, we all know how abusive today's tax code is and the politicians that would spend the people's money are. .

    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



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