Tax Evasion

Finland’s Small Construction Contractors: Tax Evasion Is Where Authorities Look

News Analysis: Finland’s Small Construction Contractors: Tax Evasion Is Where Authorities Look; some individuals say is really due to Tax Rates being too High. However, a Corporate Tax Rate of 20% along with a Maximum National Personal Tax Rate of 30% can hardly be designated to be ‘Draconian’.

Finnish Tax Authorities discovered approximately $200 Million Dollars of Tax Revenue Losses when inspecting the books of Small Construction Projects. This sum contributes to European Tax Authorities Estimate of almost $1 Trillion Dollars in Yearly Tax Revenue Losses through Evasion throughout Europe; no small sum.

Since the “Morality of the Marketplace” is so Low, one can presume Tax Evasion will continue to grow throughout Europe. The VERY SAME Tax Evaders will be the first to complain about: The Poor Conditions of their Country’s Roadways; Not Close-Enough Schools for their Children; Insufficient Fire and/or Police Protection; Shoddy Public Health Care; Etc.- All Paid For By Tax Revenues (which they Evade).

Financial Tax Hypocrisy is Alive and Well.

Reference: http://tinyurl.com/qgbumd6

 

☆ Money Laundering Always Leaves Residues For Forensic Accountants To Find

News Analysis: Money Laundering Always Leaves Residues For Forensic Accountants To Find as the Illicit Sources of Funds are ‘Decipherable’. Tax Authorities around the Globe are increasingly finding more Money “Stashes” than ever before. It appears there are NO Countries in which Money Laundering is not occurring. Since taxes are not collected on the ‘Gains’, Nations lose out.

As Legitimate Leaders of Countries decide that Strict Punishment for the Miscreants is the only effective way to stop “Laundering”, Enthusiasm for Secreting Funds will diminish: ‘Too Much Pain For Any Gain’ may be the ‘Sneaks’ thoughts.

Furthermore, if a Nation considers the more Serious Matter of  “Tax Evasion” to be equated to “Economic Treason” to it, more Stern Punishments are needed. These will influence all but the most Recalcitrant Crooks to  pay what they owe AND to forgo their Illegal Behaviors. For those too stubborn to change their ways, their Removals from Society is “Just Deserts”.

There is no substitute for Everyone on the Globe to “Fly Straight”.

Reality.

Reference: 

Denmark’s Limited Liability Partnership (LLP) Can Conceal “The Steal”

News Analysis: People desirous of Hiding Funds from Tax Authorities are presently employing the ‘LLP’ in Denmark to conceal their monies (Legitimate or Otherwise) gained elsewhere. Since both the Funds and the Beneficiaries of the Partnership are hidden from view, “Transparency” is totally obscured.

One can anticipate that pressure exerted by other Countries on Denmark will compel a Tax Change in the Country. Tax Evasion costs such enormous yearly Revenue Losses to Countries everywhere that lack of enthusiasm for the ‘LLP’ can be understood.

One might ask a Tax Evader: “Does the Joy of Concealment Equal The Risk Of Punishment?”

As Governments’ Electronic Interception of Data becomes even more pervasive, one might be of the opinion that “A Tax Evader Not Getting Caught Is As Possible As Bathing In The Ocean And Not Getting Wet”. 

Reality.

Reference: http://cphpost.dk/news/denmark-billed-as-perfect-tax-haven.8286.html

Some Swiss Bankers are Not Leaving Switzerland

News Analysis:  The ancient adage: “As Ye Sow, So Ye Shall Reap” is especially applicable to those who, under the cover of ‘Bank Legitimacy’, engage in large scale tax evasion on behalf of their foreign customers. The electronic capacity of governments to watch the flow of funds from one country to another by scheming individuals, through their bankers, should have them re-think their actions. Can embarrassment, fines, and possible long-term  prison confinement, for conspiratorial bankers, ever be worth some financial gain?

Reference: http://tinyurl.com/m6pejwe