About Me

40ties, 3 children, full time work, little time.

Sunday, February 25, 2007

Haven, I'm in haven.....

Tax Haven are good! This is the summary of a little piece of journalism in Economist. I do not accept its premise I don't support its conclusion. Is the idea of tax leakage a tool for slimming the governments down? Definately. Is it a good thing? Sometimes. Who benefits? Fat cats. Who pays for a short fall? Labour. Why? Because labour cannot change its address like any respectfull corporation can. Because government can lay its hands on the tax before little people like you and me even smell the money. Because we are sitting ducks. Because naither party will seriously let go of personal tax on labour and go after real money. So when is it good?. When even the politicians are outraged by the simplicity of accounting slight of hand and feel moved to do something. No, politicians are no longer outraged by greed. Not in anglosaxon countries. Being outraged by greed is virtually unheard of. It smells too much like communism, and as we know communism is dead and socialism is ....well dead as well. So why is tax haven a good idea? Well, as soon as I make my millions I will go to one of those havens myself. Wouldn't like to miss out or what.

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