Who is to blame for World poverty.... yachties according to the Guardian!

[Seven Spades]

Tax abuse and money laundering is trapping billions in poverty, says UN

Seems a bit mean to me.

 

[Sandy]

I paid my tax and have a clear conscience.

 

[jordanbasset]

Who is to blame for World poverty.... yachties according to the Guardian!

Tax abuse and money laundering is trapping billions in poverty, says UN

Seems a bit mean to me.

Firstly where in the report does it say yachties are to blame for world poverty, I can't see it
Secondly the Guardian are not saying it, they are reporting on a report
Lastly this would be better in the lounge as it has little or nothing to do with yachts

 

[lustyd]

Pretty sure I paid mine and everyone elses tax last year so I also have a clear conscience ?

 

[Seven Spades]

Firstly where in the report does it say yachties are to blame for world poverty, I can't see it
Secondly the Guardian are not saying it, they are reporting on a report
Lastly this would be better in the lounge as it has little or nothing to do with yachts

Lost your sense of humour this morning, did you see the stock photo they used to illustrate the problem of tax evasion?

 

[jordanbasset]

Lost your sense of humour this morning, did you see the stock photo they used to illustrate the problem of tax evasion?

Yes, it was meant to show a tax haven I assume, There looks to be an Island, some houses and boats, no where does it say yachties are to blame for world poverty
As for humour didn't see much of it in your post

 

[dom]

Lost your sense of humour this morning, did you see the stock photo they used to illustrate the problem of tax evasion?

Indeed, Shutterstock in this case. It's a fair point, your average lazy hack reaches for a yacht/marina stereotypical image to illustrate anything to do with wealth, tax, inequality, poverty, global warming, the list goes on.

Stereotype a group of people this way using other metrics and law suits would be a flyin!

It's also misleading, as wealth is overwhelmingly stored in mines, businesses, property, financial securities, fine art, gold, diamonds, etc.

 

[capnsensible]

Pretty sure I paid mine and everyone elses tax last year so I also have a clear conscience ?

Cheers, easy. ?

 

[Frogmogman]

Indeed, Shutterstock in this case. It's a fair point, your average lazy hack reaches for a yacht/marina stereotypical image to illustrate anything to do with wealth, tax, inequality, poverty, global warming, the list goes on.

Stereotype a group of people this way using other metrics and law suits would be a flyin!

It's also misleading, as wealth is overwhelmingly stored in mines, businesses, property, financial securities, fine art, gold, diamonds, etc.

It's not lazy stereotyping, it's a photo of the BVI; perfectly reasonable in the context of the article.

These offshore tax havens, and the shady individuals and companies who park their money in them to avoid contributing their fair share to society, not only exacerbate poverty, but also mean that the likes of most members of this forum have to pay more tax than they would otherwise be required to.

There is an issue with many of the mega yachts and tax dodging. One of the first thing that crosses my mind when I see some monster yacht registered in a tax haven is "There's someone who isn't paying their tax".

I agree with Jordanbasset. The link to yachting is extremely tenuous, this thread would be better in the lounge.

 

[Easticks28]

Yes, it was meant to show a tax haven I assume, There looks to be an Island, some houses and boats, no where does it say yachties are to blame for world poverty
As for humour didn't see much of it in your post

The caption on the 'stock photo' clearly states 'Several UK overseas territories and crown dependencies, including the British Virgin Islands (pictured), Guernsey and Jersey, have a zero corporation tax rate. '

Possibly that's what Seven Spades finds objectionable?

 

[Stemar]

What is this wealth of which you speak? I have a boat to run, which keeps me poor

 

[Caraway]

Firstly where in the report does it say yachties are to blame for world poverty, I can't see it

The OP may be misuderstanding the term "offshore".

 

[Barnacle Bill]

Yachties are generally to blame for their own poverty I suppose.

 

[Babylon]

What's tax?

 

[mjcoon]

What's tax?

Together with death, the only certain thing, apparently. Which do you prefer?

 

[Babylon]

I'll take Hobson's choice! ?

 

[mjcoon]

I'll take Hobson's choice! ?

I've just remembered that famous Jack Benny (supposed notorious miser) sketch. In it he is mugged by a gunman who demands "Your money or your life". Benny takes his time deciding...

 

[dom]

It's not lazy stereotyping, it's a photo of the BVI; perfectly reasonable in the context of the article.

These offshore tax havens, and the shady individuals and companies who park their money in them to avoid contributing their fair share to society, not only exacerbate poverty, but also mean that the likes of most members of this forum have to pay more tax than they would otherwise be required to.

There is an issue with many of the mega yachts and tax dodging. One of the first thing that crosses my mind when I see some monster yacht registered in a tax haven is "There's someone who isn't paying their tax".

From the UK Revenue and Customs to the long reach of the IRS, and many more; yachts and planes will make your presence known to the tax authorities and law enforcement agencies better than any known radar transponder!

They are also fairly easy to arrest unless they stay well off the beaten path.

 

[Daydream believer]

There is an issue with many of the mega yachts and tax dodging. One of the first thing that crosses my mind when I see some monster yacht registered in a tax haven is "There's someone who isn't paying their tax".

When I read posts like that I think to myself ,that there are those out there that are somewhat envious of the successful.
I further suggest that there is nothing wrong with tax avoidance. Many - even some on this forum --would use the rules to their advantage, if they could.
So where does the principle end. At claiming for one's car against traveling expenses. Or for one's super yacht chartering expenses , perhaps in a tax haven?
Of course tax evasion is different"

 

[Easticks28]

When I read posts like that I think to myself ,that there are those out there that are somewhat envious of the successful.
I further suggest that there is nothing wrong with tax avoidance. Many - even some on this forum --would use the rules to their advantage, if they could.
So where does the principle end. At claiming for one's car against traveling expenses. Or for one's super yacht chartering expenses , perhaps in a tax haven?
Of course tax evasion is different"

Either you are a taxation accountant - or you are joyfully employing one.
There is no end of difference between that which is permitted and intended by the regulations and the deliberate seeking out of at best 'just legal ' but morally indefensible loopholes .