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Old 06-29-2009, 07:34 PM
 
Location: Raleigh, NC
9,059 posts, read 12,972,786 times
Reputation: 1401

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Swiss Banks To Yanks: Get Lost - Econwatch - CBS News

That should do WONDERS for keeping people in this country.
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Old 06-29-2009, 07:51 PM
 
13,186 posts, read 14,980,467 times
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Quote:
Originally Posted by ViewFromThePeak View Post
Swiss Banks To Yanks: Get Lost - Econwatch - CBS News

That should do WONDERS for keeping people in this country.
Are you actually saying we are better off letting our tax cheats do what they were doing? Really?
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Old 06-29-2009, 08:07 PM
 
Location: Raleigh, NC
9,059 posts, read 12,972,786 times
Reputation: 1401
Quote:
Originally Posted by padcrasher View Post
Are you actually saying we are better off letting our tax cheats do what they were doing? Really?
America is the only country in the world (except for Libya: the other "land of the free home of the brave" ) that taxes its citizens on income from foreign sources.
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Old 06-29-2009, 08:21 PM
 
Location: Florida
76,971 posts, read 47,640,534 times
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Quote:
Originally Posted by ViewFromThePeak View Post
America is the only country in the world (except for Libya: the other "land of the free home of the brave" ) that taxes its citizens on income from foreign sources.
Yep, they'll tax you even if you move overseas and earn your living there. It's always been like that, and there are very few countries who do that.
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Old 06-29-2009, 08:24 PM
 
Location: Raleigh, NC
9,059 posts, read 12,972,786 times
Reputation: 1401
Quote:
Originally Posted by Finn_Jarber View Post
Yep, they'll tax you even if you move overseas and earn your living there. It's always been like that, and there are very few countries who do that.
My point exactly. Don't you think it's quite odd that even high tax socialist countries in Europe don't do it, yet we do?

It's no wonder Americans will continue to seek tax shelters and be enormously successful, despite how big the IRS gets.
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Old 06-29-2009, 09:15 PM
 
256 posts, read 479,616 times
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America has the lowest taxes out of the industrialized nations. Not taxing overseas workers will just drive up the deficit. In my opinion, the government should substantially yank up the taxes of the wealthy.

Tax, tax, tax our way out of debt!
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Old 06-29-2009, 09:19 PM
 
20,187 posts, read 23,858,535 times
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You do realize that most of these tax cheats are celebrities, athletes, CEOs, and blah blah that Americans so admire....
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Old 06-29-2009, 09:34 PM
 
Location: NW MT
1,436 posts, read 3,302,945 times
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Swiss Banks are for beginners and wannabes. The real players play in Panama. Panama will never roll over for the US Gov no matter how much knocking they do on the door. They just laugh all the while...

From what I read in one of the Swiss Banks terms of service, the US Gov has had their foot in that door for years. All the Gov has to do is bring criminal charges against an entity/person and they have to and willingly open their books unlike other Countries with strict Banking secrecy laws. Others do so under the penalty of death to anyone who allows access or discloses any banking info to anyone other than the account holder ! That's what I call BANKING . ALL US banks offer nothing more than legalized Gov extortion accounts...
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Old 06-29-2009, 09:41 PM
 
13,186 posts, read 14,980,467 times
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Originally Posted by Stephan_K View Post
Swiss Banks are for beginners and wannabes. The real players play in Panama. Panama will never roll over for the US Gov no matter how much knocking they do on the door. They just laugh all the while...

From what I read in one of the Swiss Banks terms of service, the US Gov has had their foot in that door for years. All the Gov has to do is bring criminal charges against an entity/person and they have to and willingly open their books unlike other Countries with strict Banking secrecy laws. Others do so under the penalty of death to anyone who allows access or discloses any banking info to anyone other than the account holder ! That's what I call BANKING . ALL US banks offer nothing more than legalized Gov extortion accounts...
I really appreciate the honest talk. Here is todays right wing ideology in action.

They praise tax cheats. The praise foreign banks the allow tax cheats to operate. They call US bank accounts "government extortion"

This is how sick and twisted right wing ideology is today. I would want to crawl under a rock if someone on the Democratic side advocated what you so proudly do! ....Sing it from the Mountain you USA hater.
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Old 06-29-2009, 10:26 PM
 
Location: Imaginary Figment
11,449 posts, read 14,468,431 times
Reputation: 4777
Quote:
Originally Posted by ViewFromThePeak View Post
Swiss Banks To Yanks: Get Lost - Econwatch - CBS News

That should do WONDERS for keeping people in this country.
Who cares, I keep all my money in Nigerian bonds these days.
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