Those who willfully conceal assets overseas undermine the playing field for all taxpayers.
Sentiment: NEGATIVE
Most people are under exposed to global assets, including foreign stocks, bonds and currencies.
We should not allow wealthy people, including corporate criminals, to hide their assets and avoid paying their bills.
The Export-Import Bank's long legacy of crony capitalism has hurt the livelihoods and businesses of many Americans who don't get special treatment from this misguided government program.
Arthur Laffer has taught us, 'If you tax something, you get less of it.' That's why firms are moving offshore in droves. It's not about being unpatriotic. It's that it doesn't pay, after-tax, to invest in the United States.
Government can wreck a business by confiscating its money by taxation.
The law does not pretend to punish everything that is dishonest. That would seriously interfere with business.
As far as oligarchs who acquire sports team abroad, and invest money abroad, I wouldn't treat this phenomenon as something bad.
One tax dodge often used by multi-national companies is to squirrel their earnings abroad in foreign subsidiaries located in countries where taxes are lower.
Of all the powers conferred upon government, that of taxation is most liable to abuse.
Corporate tax dodging impacts us across generations and over time. It is corrosive. It is unethical. It is unsustainable.
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