Quote:
Originally Posted by Edward64
I agree that tax avoidance should not be included in this discussion, its legal and helps many regular people.
Tax Avoidance |
When I'm talking about tax avoidance, I'm not talking about your IRA. I'm talking about an American company that operates in America hoarding all their earnings in Costa Rica so they don't have to pay taxes here. Or the guy who creates a dozen shell companies to hide his investments in Panama.
Change the laws to embody the spirit of them. Deferring taxes on retirement or health care is done to help people with important parts of their life (retirement, health). The other is abusing a loophole to not pay taxes into the country you benefit greatly from.