ARTE description:
"Taxation, tax avoidance, tax EVASION... the word is out!
Tax Evasion the great scandal of the beginning of the 21st century.
How can companies like Google, Amazon or Colgate and other super rich get away with paying less or no taxes?
This gripping film is not only a serious investigation into tax evasion, but also a denunciation of the effects on public debt. Taking us from Paris to the Cayman Islands, from Greece to Germany, Switzerland, Jersey and the United States, the film explores the murky world of major multinationals and the consultancy firms that have become masters in the art of tax avoidance!
Xavier Harel presents us with this brilliant exposé on a gigantic global scam which politicians seem helpless to counter."
13 Comments
oritteroposays...*length=250
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radxsays...*discard
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oritteroposays...*promote
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oritteroposays...*quality *doublepromote
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Double-Promoting this video and sending it back into the queue for one more try; last queued Tuesday, January 14th, 2014 7:32pm PST - doublepromote requested by oritteropo.
Paybacksays...I figured out how skewed the tax laws are when I found out companies like Google and Haliburton start up paper companies in various places in the world to funnel funds so that they can avoid US taxation. There's more than a few 1 person, single room offices out there pulling down BILLIONS every year.
What gets me is if I did it exactly the same way, but not as a corporation, I'd go to jail.
radxsays...You know what buggers the hell out of me?
This country's most important company (# of jobs, very high wages, etc) is right on the edge of tax fraud. They pay a metric fuckton in absolute terms, but their real tax rate has been decreasing for years, mostly through offshore shenanigans. It's too bloody low to not get pissed at them, yet still too high to get people to call them out on it. Also, they manage to whitewash their image by having just about the highest entry level wages in the country, which shields them from any sort of substantial criticism.
I figured out how skewed the tax laws are when I found out companies like Google and Haliburton start up paper companies in various places in the world to funnel funds so that they can avoid US taxation. There's more than a few 1 person, single room offices out there pulling down BILLIONS every year.
What gets me is if I did it exactly the same way, but not as a corporation, I'd go to jail.
Snohwsays...How can you be mad at this, it's Capitalism, the only way for the world to work.
Greed is good, it makes jobs and innovation and what the world economy is built upon. If people had no chance to get even richer with their 100's of millions via shady tax evations schemes, there would be NO incentive to start bigass corporations that does all the wonderful things for our society! Think of all the jobs that won't be if they stop trying to get richer, oh the disaster of taxes and limitation of wealth. Don't fool yourself, the rich has to get richer, not contribute via some obscure idea that "the more you take, the more you should give back to the world that makes you rich". Think people, this is capitalism, the great glory of the globalized world - it's sooo good.
*coughsarcasmcough*
chingalerasays...Manged to avoid income tax by simply ignoring any mail from the IR&S over the years..
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