How the Plutocrats are waging War on the Bureaucrats… #2
PART 2 Tax obligations and ‘offshoring’ Besides intensely disliking bodies like the European Union due to the laws and regulations they impose on issues like consumer rights, health & safety and worker’s rights, the Plutocracy and the Elite have another very real reason to want to see such bodies severely emasculated if not actually broken up: tax. ‘Offshoring’, in the words of John Urry (2013), “involves moving resources, practices, peoples and monies from one national territory to another but hiding them within secrecy jurisdictions as they move through routes wholly or partly hidden from view. Offshoring involves evading rules, laws, taxes, regulations or norms. It is all about rule-breaking, getting around rules in ways that are illegal, or go against the spirit of the law, or which use laws in one jurisdiction to undermine laws in another. Offshore worlds are full of secrets and lies.” Secrecy jurisdictions – or ‘treasure islands’ as Nicholas Shaxson (2011) terms them – are tax havens which provide varying degrees of secrecy – ie: freedom from disclosure. This is to attract foreign individuals who wish to hide assets or income to avoid or reduce taxes in the home tax jurisdiction. Relevant laws and approaches to the… Read More