Super rich hiding up to $32 trillion offshore, which amounts to roughly the US and Japanese GDP combined. Up to $280bn is lost in tax revenues. Some of the world's biggest banks are involved: HSBC, Citigroup, Bank of America, UBS, Credit Suisse

Comment · Mon, July 23, 2012 · 40 pts

Uhh, many companies already have done this. Here is a quick list: Bank of America, Boeing, Citigroup, Exxon/Mobile, GE, Google, Merck, News Corp, Verizon, Wells Fargo, Accenture. They funnel profits through subsidies i

Comment · Mon, July 23, 2012 · 13 pts

That would require an overhaul of our tax system. I believe most people want this in some form or another.

Comment · Mon, July 23, 2012 · 2 pts

Nobody is suggesting that they are just going to leave! They are suggesting they will incorporate in other countries, and they have. This is the same concept as my business. I live in Arizona, but my company is incorpora

Comment · Mon, July 23, 2012 · 2 pts

How in any way could I be considered a tax evader?!? I pay all required taxes for myself and my company! I do no business in Arizona, I only live here. The corporation is a separate entity to me, that has other varying i

Comment · Mon, July 23, 2012 · 1 pts

Your example is a false-dichotomy. It supposes that the bill is split equally, which is in no way the case for our tax system. It also supposes that I get more out of out system than others, or my company does, which is

Comment · Mon, July 23, 2012 · 1 pts

Ohh come on now, tax evasion is a very clear definition: [http://en.wikipedia.org/wiki/Tax_evasion](http://en.wikipedia.org/wiki/Tax_evasion) [http://www.investopedia.com/terms/t/taxevasion.asp](http://www.investopedia

Comment · Mon, July 23, 2012 · 0 pts

The big companies have enough money to take the risk. Keeping taxes high and increasing government regulation hurts the small to medium businesses that cannot compete with the legal and monetary means of the big guys; so

Comment · Mon, July 23, 2012 · 5 pts

If the tax rate lowers, the risk to reward of operating illegally goes up.

Comment · Mon, July 23, 2012 · 0 pts

Police and roadwork are paid for by property and sales tax. I agree with your emotional response to the illegal actions of the man in question. However, I hate the incorrect equation of income taxes to police, roads, and

Comment · Mon, July 23, 2012 · 0 pts

The problem is that nobody understands economics. There are plenty of opportunities in this country, even more so than the past. However, people are unwilling or ignorant as to how to get them. Does everyone really think

Comment · Mon, July 23, 2012 · 0 pts

Right, that is my point. The small companies cannot take the risk, so they get screwed. The large companies can, so they get around the taxes. Then the small companies cannot compete with the large ones because they are

Comment · Tue, July 24, 2012 · 1 pts

People and companies are reasonable when given the chance. I see the failure of our government's tax policy as a more fundamental one, people either don't know, or don't agree with what the money is being spent on. We ne

Comment · Tue, July 24, 2012 · 1 pts

I absolutely agree! Most people I speak to have no idea who is running in state a local elections, much less for the Senate and House. They don't bother to read up on propositions, but take the word of the misleading com

Comment · Tue, July 24, 2012 · 1 pts

That is incorrect. Each state has various funds for the specific programs. Percentages of each type of tax revenue are allocated to various funds. Certain taxable revenues go to only one specific fund, and cannot be relo

Comment · Tue, July 24, 2012 · 1 pts

You are still failing to separate the individual from corporate. I benefit from travel, police, and communications infrastructure here in Arizona. That is why I personally pay income, telecom, property, and sales taxes.

Comment · Tue, July 24, 2012 · 1 pts

>In that sense, we could argue that there should be no corporate taxes at all because we all pay income taxes, and that should be enough. If you want me to explain why that's a terrible idea, it would take much longer an

Comment · Tue, July 24, 2012 · 1 pts

It's obvious we are going to have to agree to disagree. Your arguments all sound like I am not paying into the system, which is false. I pay for all the benefits I get out of our system. I just try to minimize the impact

Comment · Tue, July 24, 2012 · 1 pts

>Most of us ultimately get more out of the system than what we put in. Explain this to me. How can we get more out than we put in, if the government can only use what we give it? As a whole, how can a population get mor

Comment · Tue, July 24, 2012 · 1 pts

I agree about the bankrupting of our system, it's wrong. However, no corporation has ever succeeded in saving their failing business, by increasing the price to their customers to account for their bad practices. They ne

Comment · Tue, July 24, 2012 · 1 pts

But we are both the customers and the investors. We are getting services from the government after paying taxes for them. If the government wants to start providing electricity, but the cost is 3 times what a private com

Comment · Tue, July 24, 2012 · 1 pts

>But whether you're an investor or customer, the "switching to another product" or "investing your money elsewhere" would amount to finding another country to live in. Investor and customer really don't work for this an