"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.
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 ↗