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I guess we'll just have to continue doing nothing and see if things improve.
Or perhaps by establishing the principle in law we can then build on it to take various measures to combat the problem. A solution doesn't need to be perfect to be better than ignoring the problem.
You're spot-on, this is a straight up nirvana fallacy
Dams are pointless while oceans exist.
The UK is one of the world's biggest tax heavens.
We just allow foreign property ownership to provide a tax heaven from other nations taxation.
The UK introducing a wealth tax on both UK wealth and foreign owned property. Would be the first step to ending tax heavens,
And as soon as the billionaires etc decide to move their wealth from property. Capital gains tax is assessed.
It's technically a tax haven, but for the UK tax dodger it is really a bit of heaven.
These territories have really taken the piss beyond belief, yet the public discourse has been dominated by Brexit and migration for 15 years.
It's what happens when a few clowns own all the media and real journalism is dead
Pointless you say? That's convenient
Whelp, guess we poors just better do nothing then. Glad we got that all figured out.
If it hides, we go to find it. Countries like the US, Canada, Ireland etc. choose to recognize as valid these elaborate schemes involving shell games in multiple countries, instead of insisting on their formula. But what would be better is a Canada-Europe agreement on a standardized taxation and deduction system that includes minimum wealth taxes applied across all member nations. Sketchy accounting is nothing new, we just have to agree to deal with it together.
Except often a good number of their assets exist in the real world. Businesses, buildings & land. These can be taxed regardless of their global location.
We can find fun new ways to apply horrendous taxes that penalize this behavior but reduce them for those who behave in a decent way. Maybe we start taxing turnover on companies use the Irish double sandwich-whatever trick to minimize tax. Either they play ball and contribute to society or they GTFO and someone else takes their slice
I'm a bit confused my this article. I'm pretty sure Novara are pro-wealth tax, and the article itself just seems to be an advert for some podcast. I'd like to see what they're proposing, but I don't like podcasts.