Taxes should be paid where the sales generate profit, this in turn benefits those who actually buy the products. If money is continually siphoned out of an economy that economy will suffer.
When those sums become so great as they bend political parties to their will [btw the Tories have been trying to reduce contributions to the Labour Party from the unions] to the detriment of their own countries, it is time to stem the flow. Money in politics is king, without restricting its influence then we get this:
Britain has been privately lobbying the EU to remove the tax haven through which Google funnels billions of pounds of profits from an official blacklist, the Observer can reveal.
The revelation follows widespread condemnation of the “sweetheart” deal struck between HMRC and Google that saw the internet giant agree to pay only £130m in back taxes on the estimated £7.2bn that it earned in profits over the past decade.
Tory MEPs were instructed on six different occasions last year to vote against proposals that would clamp down on multinationals that engage in aggressive tax avoidance.
Money in politics is not harmless, especially when:
A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study.
US top 500 firms alone have $2.1 trillion or so stashed away.
Then we get some saying we cannot have good things like “single payer”, that our infrastructure repairs are too expensive to even consider and that those most in need can indeed bail out those sequestering massive amounts of riches.
When it is cheaper to pay armies of lobbyists, make or break politicians capacity to campaign, when it is cheaper to try and buy an election than pay the tax owed it is not the poor and middle classes fighting a class war, it is the powerful stamping on their necks.
Watching a billionaire insulting his way to a potential presidential bid reflects how they [the billionaires] really think, everyone not like them is stupid, weak and easily dismissed as losers. The perversion in this and the willingness of many to accede to his demands is so warped it beggars belief.
When you have wealth beyond any imaginable need or dream the only thing left is power and we see that day by day. Real job creators would pay their damn taxes and thereby support those who actually make them profit in the first place, yet low and behold even just taxes on profit are beyond their willingness to contribute, it is much better to buy a media empire to twist the reality. Consolidation rather than Capitalism, virtual monopoly rather than competition, home and abroad, it’s not just one government they buy out, it is a global economy they warp. Then when they go too far in trying to suck out the last drop of cash they get someone else to pay.
I’m not talking about those who earn even a paltry $1million a year, I’m talking about those who earn that in a day and the turn around and whine about someone trying to earn $15 and hour and call them greedy and bad for the economy.
Those that avoid taxation affect us all, they affect the quality of our schools, the repair of our infrastructure, our health care system [or lack thereof] and to effectively combat Climate Change, their greed hurts the societies that enriches them.
“Do we need weapons to fight wars? Or do we need wars to create markets for weapons?” Arundhati Roi~ Capitalism a Ghost Story.
“Capitalism is destroying the planet. The two old tricks that dug it out of past crises–War and Shopping–simply will not work.” Arundhati Roi~ Capitalism a Ghost Story.
“You cant have good things because we avoid the taxes that would enable you to have them and are willing to corrupt democracy in order to do so”
A bit long for a bumper sticker mind you.
Just a thought