Taxes

As Millions Of People Go To The Internet For Commerce And Entertainment, Tax Enforcers Go After Them

The seismic shift of ‘Retail’ consumers going from ‘Pedestrian Shopping’ to ‘Internet Shopping’, steadily increases around the world. This fundamental change in buyers’ techniques is brought about for both convenience and now, due to necessity. The Coronavirus [CV-19] Pandemic, tragic as it is as an Influenza, which can kill, has produced a ‘Commercial Side’. This includes: Increases in retail sales of ‘Pathogen Preventers’ [Sprays, Wipes, et al], Toilet Paper, Vaccine Research Equipment, Pedestrian Control Devices, Bicycles, and Internet Entertainment Contracts.

Many governments, have dwindling revenue streams, caused by negative commercial effects of CV-19. They are now determined to supplement money flows to their Treasury Departments with Value Added Taxes; this, as well as other revenue gaining approaches. We, in International Business, are loathe to see increases in taxes without commensurate increases in benefits to those who pay the taxes. However, we fully understand the needs of governments to sustain themselves; without governments, chaos will surely arise for populations. The ‘fine balance’ that is required: A particular tax to not ‘overburden’ the taxpayer, yet help provide sufficient cash flow towards required treasury needs.

We think there is an even better way to facilitate Treasury Department needs; Close down ‘small’ “Money Launderers” illicit operations of Criminal Enterprises. In particular, by stemming cash ‘outflows’ from a country, a economy is stronger. Also, by carefully examining ‘large’ “legitimate” Corporate investments in other countries, one may detect money laundering on a grander scale. “Piety”,of both behavior and thought, is not evidenced by merely wearing a fine suit and wearing a necktie. Over the years we have met many individuals who have tried to appear, through attire and professional demeanor, as ‘Innocent as Lambs’ but in reality were ‘Black Mambas’, poisonous to their cores. They surely did, do, and will do everything to keep their cash, “Governments’ needs be damned”, is their credo. Fortunately, they are not in great abundance.

The ‘Bottom Line’ is: Treasury Departments need to be aware how, where, and why countries’ cash flows, particularly illicit, are occurring, and then, if criminal, stop them. Also, taxation of the citizens, should be at a level commensurate with the citizens’ gains from their ‘acquisitions’.

Reality: Like superb mechanical Wristwatches, those entities with the greatest accuracy, which endure over the longest time, are of the finest balance.

Reference: https://thefinancialexpress.com.bd/trade/no-more-free-lunch-banks-collecting-vat-on-use-of-foreign-movie-channels-1592452941

☆ Israeli Monetary Visibility Techniques Seek To Catch Hidden Wealth Caches

News Analysis: Israeli Monetary Visibility Techniques Seek To Catch Hidden Wealth Caches by converting “Cash Payment Systems” (CPS)  to “Electronic Payment Systems” (EPS). The fact that ‘EPS’ retain recoverable details in Computer Memory Caches allows Government Authorities to find questionable transactions. It is estimated by Israeli Authorities that One Quarter of the Israeli Economy is “Black Capital”; a prodigious amount of money.

Israel in 2012 had a Gross Domestic Product (GDP) amount of approximately $248 Billion Dollars. Per Capita the amount was $32,200.00. The Country’s Taxes and other Revenues amounted to 31.6 % of ‘GDP’. Personal Income Tax Rates go to 50%. Passive Income Rates go up to 50%. A National Insurance Tax of up to 12% is also required.

As long as there are an inordinate number of Male Adults receiving Israeli Government Stipends (while other Israelis have to contribute to the ‘GDP’ of the country) the feeling of the Taxpayers of being mere ‘Freiers’ is very understandable. That many Taxpayers of Israel are engaged in ‘Black Capital’ should not be a surprise; they are disgusted about the “Free Lunches”. Their Tolerance of the other aforementioned Israelis who are “Dining at the Public Trough” for so many decades is the element that is difficult to comprehend, many people say; ‘Meshuga’.

Reality.

Reference: http://www.globes.co.il/en/article-locker-only-crooks-buy-mercedes-for-cash-1000924485

☆ Bankers Who Support Tax Evasion Are “Banksters”

News Analysis: Everybody living in their ‘Own’ Countries are expected to abide by, and respect their Laws (including Tax Laws). Moving their Monies to other Countries to escape Taxation may provide Immediate Financial Relief (but eventually, severe Grief). As we have maintained, from decades of International Exposure: “There Are No Long Term Secrets”.  To think that Tax Authorities cannot find ‘Illegal’ (in its broadest sense) Funds is Naïve.

Bankers Who Support Tax Evasion Are “Banksters” and will turn on their Depositors to “Save Their Own Hides”. It defies credibility when “Banksters” who are obviously engaging in Tax Evasion for their Depositors, plead Ignorance of the Transactions. Forensic Accountants can track the ‘Paper Trails’ of the Depositors and the subsequent hiding of Accounts by the “Banksters”. Legitimate Bank Employees can, and some have already, turned Account Records over to Tax Authorities. Unless EVERYONE working in a particular Bank is Corrupt, (unlikely), the foolish Banksters should expect to be revealed for what they are: Thieves Feigning Financial Legitimacy.

If one does not like the Tax Rates or other elements of a Country’s Tax System, he or she: May attempt to change the Laws; May renounce their Citizenship and move elsewhere; May pay their Taxes and complain about them to their ‘Significant Other’; or, perhaps best of all, May Earn More Money. Taxes Not Paid (but hidden in Accounts by “Banksters” in other Countries, is really ‘Sovereign Nation Treasury Theft’ by the Depositor(s); Nothing Less.

Until  “Banksters” PERSONALLY feel the Pain from their Gain, there will be many applying for those Financial Positions (since the rewards can be significant). Lengthy Prison Sentences for these Crooks (usually wearing ‘Business’ Suits, White Shirts, and Ties) can, however, be assured to reduce the Enthusiasm of Applicants to be ‘Banksters”.

Reality.

Reference: http://america.aljazeera.com/articles/2014/2/26/credit-suisse-execsdeeplyregrethelpingamericansevadetaxes.html

South Dakota Is A State Americans Can Trust

News Analysis: South Dakota has established Trust Systems that Americans can employ for reduction of taxes for their heirs. It allow Trust Beneficiaries to avail themselves of portions of the Trust with the balance benefitting future generations of family members, ad infinitum.

The South Dakota Trust System (SDTS) denies the Federal Government access to Recurring Taxes on subsequent generations forever as in other States. The Growth in Federalism the past few years in America as an Operational Methodology is at odds with people spending their money as they choose. ‘Big Brother’ confiscates monies through taxation and spends them capriciously on “Bayonet Diplomacy” Programs such as the Iraq War or other ill-advised meanderings suggested by Lobbyists. ‘Friends’ of those in Washington, D.C. benefit greatly with Federalism.

Americans can spend their earned money as they choose after paying a fair amount for taxes. The ‘SDTS’ allows this to occur for the wealthy.

Reference: http://www.bloomberg.com/news/2013-12-27/moguls-rent-south-dakota-addresses-to-dodge-taxes-forever.html

Turkey to Lower Individual Gem Stone Taxes to Increase Jewelry Exports

News Analysis: Turkey to Lower Individual Gem Stone Taxes to Increase Jewelry Exports significantly. Since a major impediment to Jewelry Sales From Turkey have been Gemstone Import Taxes for individuals, Jewelers have been at a disadvantage. Both China and India have been offering Gorgeous Jewelry Items at attractive price points for consumers. It is expected by many that exports by Turkish Jewelers will logarithmically increase over the next few years.

Investors may want to consider acquiring Gemstones at “Today’s Prices” since “Tomorrow’s Demand” should be greater [due to Turkey’s Tax Mandate For Individuals].

Reference: http://tinyurl.com/kw2zhvc