Yes they can to some extent, but unless their engaging in local operations it's more or less a shelter.
Not much to be honest, but I do understand the fundamentals and know they are taxed by the IRS.
and there lies the problem as you said, everything should be kosher . .so why not release your records . . . . .in this case pleading the fifth in my opinion is an indication of guilt of some
So the IRS can tax a bank account in another country? right.....
As far as the legalities of his tax records go you are correct, but lets be honest.
In the sense that he has absolutely no idea how it's like to be middle America. Yes. 90% of American's don't have more than 100k in the bank. When you have millions upon millions, you kinda don't know what's it's like to live everyday life now do you?
But why would a president need to know what it's like to be middle America?
What's your favorite flavor? Is it hypocrite?
This illustrates the divide between "entitlement" and "capacity". cn
If you are inferring that businesses should put people first at all costs(not withstanding health and safety), you're naive, businesses would cease to exist!
Not only can they, they do on a regular basis!
I am trying to just read and not post but I have to respond to this one. It is possible to create American jobs by spurring foreign growth, but that is really not the point. The correct and legitimate answer is: it's his money, he gets to invest it as he sees fit, he has no obligation to create jobs anywhere.
You wouldn't know of something that could check my spelling on here, would you?
Sorry, I realize this was in the beginning, but I just had to point out the complete and utter ignorance of this statement.
That isn't how banks work. It's ok to not know, most people haven't a clue. Banks only use your money as a basis in which to CREATE more money by bookkeeping entry.
That's a bit like saying that giving a game rules encourages cheating. It's giving the appearance of saying something meaningful to what's effectively a tautology. Try to imagine (and describe) a taxation scheme that doesn't encourage offshore accounts and all other sorts of finessing the system. cn
I missed the original post but yeah, it is ass backwards. Inflation extracts value from the fiat currency being inflated in the same way that counterfeiting devalues currency. In my opinion, monetary inflation is simply counterfeiting done by the authorities.
Drop the tax rate to zero for all funds kept in a US financial institution. Drop the capital gains tax rate to zero for capital gains in American companies.