tisdag 19 februari 2008

Deutsche Post chief accused of tax fraud

The head of Deutsche Post has been accused of tax fraud, using Lichtenstein as a haven. Now the thing has come to light, it is turning out that a lot of wealthy Germans are doing the same.

Good luck to them say I. The German Chancellor just needs to remember the people and companies are mobile whereas property is fixed. With globalisation of corporations and the super-rich, if governments do not want to let them get off scot-free, this principle is more important than ever.

Land cannot be hidden or demolished or removed to a tax haven and it is straightforward to levy and collect a tax on land. If the owner does not pay up, then, as a last resort, it can be confiscated and sold to pay the tax due. People, especially politicians, should not complain when people and corporations try to avoid paying tax. There is a simple solution and it is up to governments to apply it.

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