"Because if you simplify the tax laws and make the rate lower than can be obtained through complex tax practices then more will be paid.
18% of 100 billion is more than 39% of 10 billion.
I believe the concept is also called "stack 'em high and sell 'em cheap"."
Not so simple. Where did the other 90 billion come from, hmm? I didn't know we had a load of raging Tories/Republicans on here. If you want to stop this sort of wide-spread tax avoidance/borderline evasion, it's simple: Bermuda has no taxes at all, so it acts like a fence, aiding and abetting companies to steal from countries and governments. Start treating them as such.
Register
"Because if you simplify the tax laws and make the rate lower than can be obtained through complex tax practices then more will be paid.
18% of 100 billion is more than 39% of 10 billion.
I believe the concept is also called "stack 'em high and sell 'em cheap"."
Not so simple. Where did the other 90 billion come from, hmm? I didn't know we had a load of raging Tories/Republicans on here. If you want to stop this sort of wide-spread tax avoidance/borderline evasion, it's simple: Bermuda has no taxes at all, so it acts like a fence, aiding and abetting companies to steal from countries and governments. Start treating them as such.