BF2S Forums Firms move production back to UK

Cybargs wrote:

JohnG@lt wrote:

Turquoise wrote:

I support higher personal income taxes on the extremely wealthy but lower corporate taxes (a more similar tax arrangement to most of the rest of the First World).  As for estate taxes, the system that will be implemented after 2010 seems good enough as it is.

55% after the first $1M? Gee, gives me a lot of incentive to work hard and leave money to my family. What's the point of working if you can't leave it to your children and grandchildren?

If you're rich enough in the first place, you know how to hide your money from the IRS.

Gramps writes loads of stuff as "corporate spending" while I buy my new PC

Also: Offshore bank accounts.

IMO Taxes should be capped at 35%, the rest should be government reinvestment ie health care and edumacations.

Yeah, I just never understood the 'well your kids didn't earn the money and don't deserve it' argument. Fuck, and the government and the people they will hand my money to did exactly what to earn it?

JohnG@lt wrote:

Because they're hiding most of their assets elsewhere. Wealthy people pay as little tax as they can get away with. I'll hopefully exceed the $7M cap one day and you better believe most of my money will be in a Swiss bank account.

I highly suggest putting your money in an account at the Cayman Islands.  The Swiss aren't exactly reliable for tax evasion anymore.  There was a big bust against Americans with accounts there recently.

Nevertheless, while it is true that the wealthy can hide their money better than most, they can't hide it all, which is why rates have to be higher on the rich to make them work harder at hiding their assets.  If the rates were low to begin with, they wouldn't pay much tax at all.

The Chinese will always find the cheapest solution to fucking anything. Milk scandal lol?