Many European countries have really strict accounting rules that make doing this impossible, making sure that money that was generated in country is counted as such and connot be shifted to tax shelters.
-----Original Message----- From: Casey Dougall [mailto:[email protected]] Sent: Tuesday, April 19, 2011 02:58 PM To: cf-community Subject: Re: [politics] Cost of tax cuts for the rich exceeds gains by budget cuts On Tue, Apr 19, 2011 at 3:55 PM, G Money <[email protected]> wrote: > > On Tue, Apr 19, 2011 at 2:36 PM, Eric Roberts < > [email protected]> wrote: > > > > > They actually pay a lower rate of taxes after all the loopholes, > > rebates, and tax shelters they can take advantage of that most > > people in the > middle > > and lower classes don't have available....so no, the actual rate is > > lower than ours. > > > > So remove or limit the loopholes, rebates and shelters that are > available only to the super rich (whatever those are). Do you have an specifics? > > > *http://tinyurl.com/3kqtv5x *The Florida Public Research Interest Group celebrated Tax Day by releasing a report<https://www.floridapirg.org/home/reports/report-archives/more-reports /more-reports/the-tax-shell-game-how-much-did-offshore-tax-havens-cost-you-i n-2010>that breaks down the cost of offshore tax havens, which allow corporations and the rich to avoid $100 billion a year in taxes. The strategy allows corporations and wealthy individuals to shift money they earned in the U.S. to low-tax or tax-free jurisdictions, often tiny places like Bermuda and the Cayman Islands, and then funnel the money back into the country. The lost revenue from such tax-avoidance schemes equals $434 for the average U.S. taxpayer, according to the report. Florida's share of the lost revenue amounts to $4.4 billion, or about $290 per taxpayer - lower than the national average because Florida contributes a smaller share of federal taxes. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:336487 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
