Large scale tax evasion and avoidance happens on capital gains tax and inheritance tax.
Sales tax, property tax and labor income tax are mostly immune, since it is much more difficult to move property or economic activity to Panama and much easier to move ownership of financial assets.
These are well known truths that I am not going to debate or ignore.
How about instead of calling me ignorant you take the opportunity to share your insights? Share some sources for the claims you just made and teach, rather than attack me for not knowing better.
My point is that laws are nearly irrelevant at a certain point of wealth unless they’re aggressively enforced specifically against that class of wealthy individuals and companies that are the main culprits in not only evading but also continually eroding tax laws and enforcement. Laws alone do (nearly) nothing to stop any of this.
Okay, so I have to trust your ignorance?
Sorry.
Large scale tax evasion and avoidance happens on capital gains tax and inheritance tax.
Sales tax, property tax and labor income tax are mostly immune, since it is much more difficult to move property or economic activity to Panama and much easier to move ownership of financial assets.
These are well known truths that I am not going to debate or ignore.
How about instead of calling me ignorant you take the opportunity to share your insights? Share some sources for the claims you just made and teach, rather than attack me for not knowing better.
My point is that laws are nearly irrelevant at a certain point of wealth unless they’re aggressively enforced specifically against that class of wealthy individuals and companies that are the main culprits in not only evading but also continually eroding tax laws and enforcement. Laws alone do (nearly) nothing to stop any of this.
You literally said you don’t know how tax evasion works.
Your words, not mine.
And no, I am not your personal tutor to give you a tax education.
Here is a primer if that’s what you want.
https://taxfoundation.org/taxedu/educational-resources/primer-not-all-taxes-are-created-equal/