Tag Archives: GOP (Grand Offshore Party)

The GOP (Grand Offshore Party) and the Perfidy of Imposter Taxation

Thursday, November 9, 2017

The Grand Offshore Party

I have not yet had a chance to investigate the Paradise Papers, but is there any need to spend precious time on reviewing what has been public knowledge for quite some time? Over the past several years, corporations have parked billions of dollars of profits in off-shore vaults, waiting for their tax rates to be lowered. It’s all perfectly legal.

It also has consequences. Is each and every dying person in this country receiving sufficient care to ease their travail? Is each child provided with a teacher who inspires imaginative and ethical curiosity? Is each parent of a disabled child given the assistance needed to empower that individual in all the impingements of her or his own life?

Yes, “ordinary” people must contribute to the kind of social program that would answer the above questions with an affirmation, but a society in which the distribution of wealth is skewed by a sanctioned version of double-entry bookkeeping can only endure by magnifying its repressive mechanisms to squeeze those who have the least amount of power. The thin layer of operatives who have extreme amounts of wealth and use but a pittance of it for anything other than furthering their own largesse are currently engaged in the perfidy of imposter taxation. They pretend to be individual citizens, owing no more than a family farmer of less than a thousand acres, or a carpenter, or architect, or teacher, or lawyer doing significant pro bono work, or police officer; yet they pay a proportionately small percentage of taxes than these workers.

This cannot be allowed to persist. I urge you to sign the following internationally based petition:

https://secure.avaaz.org/campaign/en/paradise_papers_loc/?cQMXkab

This is a global vote.

For more information on this issue, go to the following links:

https://www.theguardian.com/news/series/paradise-papers?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+USA+-+Collections+2017&utm_term=251595&subid=4769845&CMP=GT_US_collection

Fact Sheet: Offshore Corporate Loopholes

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“At the end of 2016 the giant US technology companies alone were estimated by Moody’s Investors Service to have $1.84 trillion (£1.4 trillion) of cash held offshore. …. The calculations of the economist Gabriel Zucman – analysing discrepancies in countries’ national accounts – suggest that around $7.6 trillion, or 8 per cent of global wealth, is held offshore. That’s up 25 per cent over the past five years.”
http://www.independent.co.uk/news/business/analysis-and-features/offshore-tax-havens-how-do-work-what-done-change-paradise-papers-panama-bermuda-caymans-turks-caicos-a8039916.html

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“The richest 1 percent of the world’s population now owns more than half of global wealth, and the top 10 percent owns about 90 percent.”