A little more on this issue… Using academic research and data from international organizations, this video shows that the most common attacks made against low-tax jurisdictions, are empty demagoguery.Dan Mitchell: Why tax havens are good for the global economy. More here and here." and a link to Dan Mitchell's book on:
The benefits of tax competition.
Sorting out the Myths of Tax Havens...
Governments hope to keep the Tax rate high, while controlling the investments of their citizenry.
From Dan Mitchell and the folks at Cato.
The Center for Freedom and Prosperity Foundation
Part 2: Fruits of One’s Labor & Political Freedom
Mounting pressure from the bailouts are sure to generate enormous tax debts; due to Government mismanagement... They want ONE WORLD control of WHERE and WHEN you invest; promoting greater level of servitude than we have ever come to know...
VIDEO: EU Summit for the economy
Actually...
I seriously question the principals and ethics of a Democratic Nation which places limits on a citizen's private investment options... This can only form a larger and more oppressive servitude; which might eventually amount to civilian slavery... (Just my view)
Article 4 of the Universal Declaration of Human Rights...
"No one shall be held in slavery or servitude; slavery and the slave trade shall be prohibited in all their forms."
Today's Links...
Swiss party wants to punish
U.S. tax authorities said on Thursday they were still pursuing a civil case against UBS seeking access to thousands more names of U.S. citizens it says are hiding about $14.8 billion in assets in secret Swiss bank accounts. [ID:nN19534438]
The SVP also said it would call for an urgent debate in parliament on ways to protect Swiss banking secrecy from "further foreign blackmail".
(Reporting by Emma Thomasson) read.
Thanks a heap, Democrats...
If you have not viewed the video (above) I would recommend doing so.
Additional thoughts...
For the Int'l community to stimulate the economy; cut corporate tax rate... Large percentages of developed Nations own stock, so this would benefit most people and would encourage a flow of investment...
"Free market" explains the fundamental market behavior. To the extent markets are not free, government has intervened. Even still, the resulting distortions themselves follow those same basic patterns:
When prices are "fixed", shortages occur. When a product is banned, black markets appear with high prices.... Human behavior is what drives market behavior. And human nature is immutable. "Free market" economic systems conform to human nature...
