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Uncle Sugar goes international looking for your loot!

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maxx:
My last post was running long. So I'll start again. I used to drive a wrecker for a local car dealership. So you meet allot of people at the end of there rope. Or they are having just plain old bad luck.

I'm standing in the towing office one day trying to talk the cashier out of her virtue. In walks this bible thumper. Along with this smoking hot Mexican girl. The water walker pulls out his churches check book. And writes a check to get this girl's car out of impound. All her clothes, her kids clothes are in the car. So the water walker is doing the right thing he is trying to get the car back.

About 2 weeks latter the Mexican girl screams rape. She says the water walker did it. So they take her to the hospital. Sure enough it was the water walker. So they lock him up. And start asking more questions. come to find out he has a bunk house out in back of the church. He has twenty to thirty young guys shoe horned into this bunk house. and they go out around town and look for day labor jobs. If they can't find day labor jobs they are kicked to the curb. Or they are put on car washing duty. They do car washes at one of the local business. All the money was  going to the water walker. And his nice house and car. The reason he had the nice car. And the nice house was because of those kids. And his tax free status. The state had confinscated everything the church had but the damage was already done. Two years latter after the water walker gets out of prison he closes out his hidden bank account and retires in the south pacific somewhere.

maxx:
Back in about 2002 the feds ended up owning a bordello. They confinscated it from some guy who missed paying his tax bill. Now this is a high end bordello. That you have to pay just to look at the girls. If one of the members here went to this bordello it would be a once in a lifetime trip. Because you would never be able to afford it again.

So the feds own this bordello it is profitable. The original owner was making money hand over foot. He had two of every toy you could think of. He had villas in the French country side. He had it all. So the fed tries to sell the bordello. Nobody wants to touch it. Because it is on the I.R.S. radar now. So the feds end up owning it. After six months they decide that they are going to  run it. So they hire a committee. They hire the girls back. And sure enough the business is booming. Six months latter the place is bankrupt. All the girls left. The service sucked. The place got dirty. There reputation was shot so the place went bankrupt. Leave it to the feds to take a profitable business and run it into the ground.

Pineau:
Maxx. Whats wrong today? Did someone piss in your cornflakes? I can't remember you complaining this much in one sitting.

David E:
John B

You describe the very issue that is plaguing all "Western Democracies"...even Australia has spotted and highlighted the practice of Major Corporations shifting massive profits offshore and avoiding Tax.

However Legal this may be under the current Tax Laws, it is certainly unethical...but Big Corporations ( and Charities like the Church in all its forms) are in the Business of making profits by any means...and they have armies of Lawyers and Tax advisers to assist them wade through the Tax Law minefield.

It is doubtful whether or not Government can ever get ahead of these entities, they are too big and too well resourced and are able to keep one step ahead of any new Tax Laws aimed at bringing more revenue from this source.

So....the burden again will fall on those who cannot afford to fight back....the threshold of $50, 000 that the US Govt has chosen for reporting against Foreign Income is chicken feed...it will only trap those mugs who maybe own (or have a mortgage) on a Foreign property, or have a "normal income from a Foreign job. If you have Millions or Billions of dollar assets, you are safe because you can afford the Army of "Tax Experts" to assist with avoiding anything !!!

I note that the Apple Corporation in Australia has recently been exposed for shifting 3 Billion dollars of potentially taxable profit offshore from Australia and neatly avoided paying anything.....

maxx:
The man has got me down Gerry.

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