The mystery is why doesn't TJN go for a two-pronged attack? Most of the opportunities for tax avoidance arise due to the way that tax systems are constructed. If the tax systems are redesigned, then many, if not all, of the opportunities go away, and there is no need for draconian regulation and exchange of information between jurisdictions. TJN seems to have said nothing at all on this aspect of dealing with the problem of tax havens. This seems inconsistent. In its latest blog it complains about
- Transferring assets to offshore tax havens that maintain secrecy to avoid IRS detection.
- Fraudulently taking advantage of an exemption for portfolio interest paid to foreign persons.
- Posing as foreign persons and taking advantage of U.S. income tax treaties.
The British UBR and Council Tax are bad examples of property taxes but they demonstrate the principle. Why does the TJN have this blind spot?
Inga kommentarer:
Skicka en kommentar