The Panama Papers

[Husar]

Apparently, in an unexpected twist, leaked documents from a large law firm in Panama revealed that the firm managed an extensive network of offshore firms to help a lot of rich people hide their money from being taxed or other scrutiny.
Apparently what they did is not even technically illegal, it's just a convenient way to avoid being taxed or to do business indirectly without exposing your name (which may be illegal in some cases, just having the account is not).

http://www.theguardian.com/news/2016...money-offshore

The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities has been revealed by an unprecedented leak of millions of documents that show the myriad ways in which the rich can exploit secretive offshore tax regimes.
[...]
Though there is nothing unlawful about using offshore companies, the files raise fundamental questions about the ethics of such tax havens – and the revelations are likely to provoke urgent calls for reforms of a system that critics say is arcane and open to abuse.

https://panamapapers.icij.org
https://projects.icij.org/panama-papers/power-players/

So should this just be an ethically accepted practice because otherwise the poor people would rip off the job creators or should something be done about it and if yes, what?

[Lizardo]

The only thing government can do to prevent this is to sieze assets off of places like google and amazon etc. and I'd they don't pay up is to court order their website to be taken down and their warehouses etc. Seized. Don't pay you can't play! If you do not pay your taxes as an ordinary person bailiffs come round etc and if you refuse you go to jail.

[InsaneApache]

[Fragony]

See you 6th of april :)

[Gilrandir]

See you 6th of april :)

Never thought a referendum takes that long.

[Fragony]

Never thought a referendum takes that long.

Long enough to already have been sneaking parts of it in without a whisper. We are both already screwed by the EU economically, especially you. But backing the military parts of the association-treaty is going to be a tough signature to sign. Most don't want the EU meddling with Russia here.

It will of course be ignored, something meaningless will be removed, it will get another name, we have seen it before

[Furunculus]

So should this just be an ethically accepted practice because otherwise the poor people would rip off the job creators or should something be done about it and if yes, what?

fundamentally, i don't have a problem with:
a) the principle of tax competion, or;
b) the notion of what people who want more taxation might term a "low tax regime"

that said:
c) if they broke the law, break them
d) human ingenuity is endless, if this exposes loopholes that need closing, close them.

little more needs be said.

[Tuuvi]

Britons learn everything is a massive con and then go back to work