Quote:
Originally Posted by Ramrod
I'm saying that someone who uses one of these offshore entities won't know if they are using the same one as Putin or Assad. In addition, are these entities illegal? You may not like tax avoidance but it is legal. Are they doing anything illegal?  |
That's the distinction a lot of people miss. This tax avoidance, whether done by an individual or organisation is legal, whether it is morally right or morally wrong. As such, the people doing it won't go to jail for doing it, purely because you cannot be jailed for doing something that is legal.
They do need to close whatever loopholes in the law that allow this kind of act to be legal, but bearing in mind the people doing this can probably afford better lawyers than the government can (these lawyers do find loopholes faster than they can be closed), and bearing in mind that they are frequently taking advantage of loopholes in the laws of many countries, or even international law, it's going to take the Government time to close any loopholes.
I am not excusing anyone, or saying tax avoidance is right. It is not.