Dorsetmike
Member
Somebody has finally ben clobbered for big time tax evasion, lets hope it's the start of worldwide action.
http://www.guardian.co.uk/world/2013/jun/19/dolce-gabbana-convicted-tax-evasion-italy-fashion
About time all tax loopholes were firmly closed. If money is earned in a country then ALL that country's taxes must be paid to the country it is earned in; I would have thought it should be possible to ensure funds don't find their way to an offshore account; sure a few tax havens would feel the draft, that's their problem for allowing it in the first place.
Similarly the practice of paying a "parent company" for "intellectual property" or other meaningless made up reasons needs stamping out.
The practice of making one's self a limited company to evade tax should also be stopped.
If these various methods of tax evasion had been outlawed before they became so prevalent this country (and much of the world) would probably not be in such a poor financial state.
http://www.guardian.co.uk/world/2013/jun/19/dolce-gabbana-convicted-tax-evasion-italy-fashion
About time all tax loopholes were firmly closed. If money is earned in a country then ALL that country's taxes must be paid to the country it is earned in; I would have thought it should be possible to ensure funds don't find their way to an offshore account; sure a few tax havens would feel the draft, that's their problem for allowing it in the first place.
Similarly the practice of paying a "parent company" for "intellectual property" or other meaningless made up reasons needs stamping out.
The practice of making one's self a limited company to evade tax should also be stopped.
If these various methods of tax evasion had been outlawed before they became so prevalent this country (and much of the world) would probably not be in such a poor financial state.