"The ones who pay will pay" is always true (from people using public transport without a ticket to "normal" tax payers having to shoulder the losses caused by loopholes and "incentives" for the upper 0.1%), but resigning to it so explicitly is rare.
Yeah. My impression is, small players exploit the loopholes like there's no tomorrow, big players hire external consultants to give them least-effort playbook and take over liability, as anything more clever is exponentially more expensive.
How is creating your own ETFs to avoid paying taxes low effort?
I mean, it's very low effort to have somebody else do all the work. But you'll never see a self-employed electrician creating an account in the Cayman Islands to avoid taxes.
You'll see a load of people on benefits being tax-negative, though. If paying taxes is your measure, then an honest assessment of who pays taxes wouldn't land you at the ultra-rich.
Self-employed electricians don't have enough money to need Cayman Islands accounts (many software engineers on FAANG salaries, on the other hand, do, and plenty are already experts in "corporate" tax optimization). Self-employed electricians instead do half their work for cash, and procure materials from untaxed sources.
whatever1 · · focus · HN ↗
You can steal as much as you want. The ones who pay will pay.
rob74 · · focus · HN ↗
philipallstar · · focus · HN ↗
You'd be amazed at how most of this sort of thing is not done by the same people you blame for everything.
TeMPOraL · · focus · HN ↗
lesuorac · · focus · HN ↗
I mean, it's very low effort to have somebody else do all the work. But you'll never see a self-employed electrician creating an account in the Cayman Islands to avoid taxes.
philipallstar · · focus · HN ↗
TeMPOraL · · focus · HN ↗