There’s not that much tax dodging, is there?

The 500 Indians featured in the Panama Papers leak for having offshore accounts are said to be in accordance with Reserve Bank of India (RBI) rules, said a government official in an Economic Times report.

The official said that about 90% of the accounts revealed by International Consortium of Investigative Journalists (ICIJ) investigation into offshore accounts by Panama-law firm Mossack Fonseca have used RBI’s liberalised remittance scheme (LRS).

Gabriel Zucman says that 80% of offshore is tax dodging. Actual evidence seems to be showing that 90% is not.

Hmm.

9 thoughts on “There’s not that much tax dodging, is there?”

  1. “Actual evidence seems to be showing that 90% is not.”

    But of course this will not be the story that anyone remembers

  2. How many more posts about this tripe Tim?

    All that is happening is showing how badly we are losing the propaganda war to sanctimonious leftist scum. Trying to “explain” to virulent morons just makes people look “guilty” .

    The scum of the left should be struggling to explain how they justify believing in and supporting a death cult that has murdered 150 million human beings. Not getting away with another song and dance about non-existent tax evasion. Which is justifiable self-defence from thieves even if it were true.

    This is because we are not attacking. You cannot win a defensive war.

    Basic rule of Self-Defence. (c/f Bradley J. Steiner and others).

    When attacked —ATTACK THE ATTACKER.

  3. To be honest, there probably isn’t much that would show up in the Mossack Fonseca files as evidence of tax evasion or avoidance. There are basically 2 sorts of tax avoidance: avoidance by incorporation, where a company or group is set up and runs with everything that happens outside of the clutches of the tax man and little or no further record of that activity in the files of lawyers, and avoidance by structured transactions, typically financial transactions that occur in high tax transactions to reduce tax charges, which wouldn’t show up in Panama.

  4. To be fair that’s 90% of the number of accounts not 90% by value. Also it does not mean that the worst individuals are not untraceable via the leak. Still we know that a lot of the stuff that goes through tax havens is simply tax efficient investment: investment in Africa via Mauritian havens is a favoured way in for Chinese investors iirc.

    But we do know that some of the money offshored by the Chinese is evading domestic restrictions, but may still be paying the relevant taxes. Grey area.

  5. Bizarre that nobody on the right tries to make the argument for tax avoidance being sensible and justified, or that maybe taxation is much too high. Instead they all dance to the tune of the left on any issue like this. Why concede the argument? I think Ecks is correct.

  6. Bloke in Costa Rica

    Given what the evil grasping fuckers in government do with the money, I think outright tax evasion is a moral stance (not one that I take, I hasten to add).

  7. Didn’t we have all this ?

    I seem to recall that someone in a Liechtenstein (or similar) bank stole and sold some documents a year or two back.

    There was the usual leftie cr*p about offshoring, and the usual total leftie silence when it turned out most of it was legit and they recovered about 45p.

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