Post by account_disabled on Mar 6, 2024 3:21:35 GMT -5
The Virgin Islands, the Bahamas, Cayman, but also Ireland, the Netherlands or Malta, etc., have legislation that allows companies and individuals not to comply with their tax obligations or to take advantage of mechanisms that facilitate tax avoidance . These mechanisms are generated intellectually, on many occasions, by lobbies and people who practice revolving doors. Some of the tax sovereignties that most facilitate the erosion of global public revenues formally depend on governments that claim to want these legal avoidance mechanisms to be non-existent and declare themselves enemies of tax fraud; also by governments that ideologically want to reduce public income and expenses or extract those public income from neighboring sovereignties and not from their electorate. Now, we find ourselves with the “Pandora Papers” , the name assigned to the work of the International Consortium of Investigative Journalists, which has investigated the documents of.
Firms specialized in tax havens and the generation of opaque companies. These are assigned profits extracted from the commercial operations of subsidiaries of the group or of an individual, to minimize their overall tax bill, including the possibility of zero invoice, in favor of shareholders and owners, to the detriment of the rest of the taxpayers and citizens in Australia Phone Number general. But, before the Pandora Papers there were the Panama Papers , those of Castellana, those of the HSBC bank,... We are periodically scandalized by the revelation of documents from different offices or information leaks in banks thanks to informants or whistleblowers, such as Falciani . But the recurring question, which comes to mind and is asked of the rulers, is why the existence of these lairs or tax havens, holes in the taxation of the States, is allowed. Or, complementary, why legislation is maintained that formalizes the possibility of hiding benefits and wealth so that they do not pay taxes . Also, what is being done to sanction governments that maintain legislation in their countries that facilitates the concealment of funds without taxation and the names of evaders and companies that do tax avoidance.
Or, at a minimum, what obstacles and means are used to obstruct and mitigate tax fraud and avoidance. The responses are ambivalent, we are told that something is being done and a good dose of hypocrisy and cynicism is maintained. If the European Union allows its own partners, the Netherlands, Ireland and others, to have tax avoidance mechanisms, it is not surprising that its definition of a tax haven is partial and narrow in scope. Nothing is solved if there is only a name change, going from 'tax haven' to 'non-cooperative jurisdiction'. We must attack head on, if we want to build a social Europe, removing the rule of unanimity in fiscal rules. But, just as there is a lack of European coherence, the United States also has within it the largest 'non-cooperative jurisdictions in the world', such as the State of Delaware, with legislation that has nothing to envy of Panama's. It is true that several factors such as the economic crisis, the scandalous inequality between the wealthiest deciles of the population and the rest, repeatedly denounced, and the mobilization of organizations for tax justice, have led to the governance of global taxation being called into question and the governing bodies of the G7, G20 or the OECD make proposals to alter the current status quo. The search for consensus within the OECD is a good response to achieving a global minimum corporate tax rate, together with a homogenization of the meaning of the tax base and a taxation of business profits proportional to the sales figure.
Firms specialized in tax havens and the generation of opaque companies. These are assigned profits extracted from the commercial operations of subsidiaries of the group or of an individual, to minimize their overall tax bill, including the possibility of zero invoice, in favor of shareholders and owners, to the detriment of the rest of the taxpayers and citizens in Australia Phone Number general. But, before the Pandora Papers there were the Panama Papers , those of Castellana, those of the HSBC bank,... We are periodically scandalized by the revelation of documents from different offices or information leaks in banks thanks to informants or whistleblowers, such as Falciani . But the recurring question, which comes to mind and is asked of the rulers, is why the existence of these lairs or tax havens, holes in the taxation of the States, is allowed. Or, complementary, why legislation is maintained that formalizes the possibility of hiding benefits and wealth so that they do not pay taxes . Also, what is being done to sanction governments that maintain legislation in their countries that facilitates the concealment of funds without taxation and the names of evaders and companies that do tax avoidance.
Or, at a minimum, what obstacles and means are used to obstruct and mitigate tax fraud and avoidance. The responses are ambivalent, we are told that something is being done and a good dose of hypocrisy and cynicism is maintained. If the European Union allows its own partners, the Netherlands, Ireland and others, to have tax avoidance mechanisms, it is not surprising that its definition of a tax haven is partial and narrow in scope. Nothing is solved if there is only a name change, going from 'tax haven' to 'non-cooperative jurisdiction'. We must attack head on, if we want to build a social Europe, removing the rule of unanimity in fiscal rules. But, just as there is a lack of European coherence, the United States also has within it the largest 'non-cooperative jurisdictions in the world', such as the State of Delaware, with legislation that has nothing to envy of Panama's. It is true that several factors such as the economic crisis, the scandalous inequality between the wealthiest deciles of the population and the rest, repeatedly denounced, and the mobilization of organizations for tax justice, have led to the governance of global taxation being called into question and the governing bodies of the G7, G20 or the OECD make proposals to alter the current status quo. The search for consensus within the OECD is a good response to achieving a global minimum corporate tax rate, together with a homogenization of the meaning of the tax base and a taxation of business profits proportional to the sales figure.