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FACTA UPDATE: United States, Japan Sign Protocol to Income Tax Treaty

5
Barflytom1/24/2013 2:55:12 pm PST

re: #2 FemNaziBitch

So, you see a world in which the Rich and the Elite get to have global citizenship, but the rank n’ file don’t is a good thing?

Did I forget to include corporations?

Not sure what you mean by “global citizenship”, and you’re missing my point. If there were no tax havens of any kind, what incentive is there for governments to keep tax rates down ?

Some EU bigwig a few years ago used to go on about “harmful tax competition”, meaning that countries like Ireland with very low corporate tax rates were drawing investment from high tax countries. So, harmful to who ? The only people “harmed” are the big government mandarins who want to expand their own power.

There are other areas where supposedly benign international agreements are in practice a serious encroachment on individual liberty. Britain for example signed a horribly one-sided extradition treaty with the USA a few years ago, which was supposedly only going to be used against the most dangerous terrorists. It has since been used against bankers for example, who had committed no crime under their own country’s laws, but who faced 20 year sentences in the US for breach of some draconian regulation or other.

If you like the idea of the US government being able to grab you or your money anywhere in the world, then either you haven’t thought the thing through, or you’re afflicted with the common lefty assumption that bigger government is always going to be on your side.