Democracy’s a bugger, innit?

The Sage of Ely:

The US initialed this protocol six years ago, on the same day that the UK did. But it’s never progressed its involvement and as such is not a real party to the process. Its presence on this list is a mere token as a result. After six years of waiting its very clear that the USA does not want to partake in mutual administrative assistance on tax matters.

And that’s why it is now the most problematic tax haven in the world.

It’s a Treaty, It has to get through the Senate. You know, elected politicians?

Democracy’s a bugger….

9 thoughts on “Democracy’s a bugger, innit?”

  1. Are we talking about the FATCA IGA’s (inter-governmental agreements)?

    The Obama admin doesn’t call them “treaties”, even though the other countries treats them as such. As a result, they’ve not gone through the Senate, and are probably illegal as a result. But they bullied everyone else into accepting them anyway.

    It’s a bit like National Insurance not being income tax, even though it’s a tax on income… Looks like a duck, quacks like a duck…..

  2. And that’s why it is now the most problematic tax haven in the world.

    Oh, how horrible the UK must be if familiarity with its tax policies leads him to think the US is a *tax haven* of any sort.

    I mean, what sort of tax haven imposes an exit tax on citizens who choose to change their country of citizenship, taxes all income no matter the jurisdiction in which it is earned, has companies leaving left and right for lower tax areas and a non-minor plank of both the top-ranking Presidential candidates is how to either make that flatly illegal of tax the hell out of anyone trying it.

    I think that, for him, ‘tax haven’ is like ‘racist’ is for a lot of people over here. It doesn’t really mean anything other than ‘that’s bad’ and is used to end debates you are losing.

  3. ‘tax haven’ is like ‘racist’ is for a lot of people over here. It doesn’t really mean anything other than ‘that’s bad’ and is used to end debates you are losing.

    ‘Neoliberal’ serves the same purpose for some …

  4. I’ve still not figured out the difference between neoliberal and neoconservative. Except that “neoconservative” is the name used by people who share a particular set of beliefs to describe that set of beliefs. “Neoliberal”, in contrast, is used exclusively as a dirty word to describe people who are not sufficiently “progressive” to satisfy the desires of the name caller.

  5. Bloke in Costa Rica

    Neoconservative means “right-ish person I don’t like”. Neoliberal means “right-ish Yid”. They’re both terms that allow Lefties to substitute prejudice for thought.

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