Showing posts with label Tax Loopholes. Show all posts
Showing posts with label Tax Loopholes. Show all posts

Tuesday, 17 October 2017

Trusts: mostly avoidance vehicle for the 1%

Trusts may have some justification to ensure the continuance of a fortune (as when knights left for an extended period during the Crusades). But that does not meam that they should not be subject to the same tax regime as any other taxpayer or business. In this case the wealth piled up by Ross (mostly by financial speculation) may escape inheritance taxes - so close to a billion passes to a group of beneficiaries while working income is heavily taxed.
New York Post via MarketWatch

Tuesday, 13 June 2017

The 11 most expensive yachts in the world

Thank God for Tax and Copyright laws that favor the 0.01%!
The 11 most expensive yachts in the world

Wednesday, 31 May 2017

Gimmick: Billionaires pledging to give away their money

No solution to root causes of Inequality. Also pervers as the Charitable donations loophole effectively allows them to decide how their assumed tax payments are spent, away from the needs/preferences of wider society.
14 more billionaires just joined Warren Buffett and Bill Gates in pledging to give away most of their money