News that makes you say WTF! (57 Viewers)

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,316
No, but probably something rather unethical which arguably should be illegal.

And that's a problem for a politician.
https://en.wikipedia.org/wiki/Tax_avoidance:
"While tax avoidance may be considered legal, it is almost never considered moral in the court of public opinion. Many corporations and businesses which take part in the practice experience a backlash, either from their active customers or online"
Of course this is merely because the public opinion is wrong. It is human nature to try and avoid taxes. I mean, if you're European and you're a businessowner, you spend a huge chunk of your time looking into your finances and taxes. If you don't, you'll simply go bankrupt. This whole idea that you should expose yourself to the maximum amount of taxes is insane and defies all reason. Basically it's the green eyed monster. People can be so petty.
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,779
https://en.wikipedia.org/wiki/Tax_avoidance:


Of course this is merely because the public opinion is wrong. It is human nature to try and avoid taxes. I mean, if you're European and you're a businessowner, you spend a huge chunk of your time looking into your finances and taxes. If you don't, you'll simply go bankrupt. This whole idea that you should expose yourself to the maximum amount of taxes is insane and defies all reason. Basically it's the green eyed monster. People can be so petty.
:tup:

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No, but probably something rather unethical which arguably should be illegal.

And that's a problem for a politician.
That's the problem of the journalist trying to make issue of something just to further his career regardless of journalistic integrity
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,316
Yes, he didn't declare his interest in the company Wintris and he was bound by law to do so.

Furthermore I am amused that it's the journalists who lack integrity, not the tax evading head of government.
Well, if it is actual tax evasion (and from what you're saying here it sounds that way) it is illegal and he should be punished. But I have a feeling that this entire thing is going to revolve around whether it was tax evasion or tax avoidance. These are going to be some very complex cases.
 

Bjerknes

"Top Economist"
Mar 16, 2004
115,922
https://en.wikipedia.org/wiki/Tax_avoidance:


Of course this is merely because the public opinion is wrong. It is human nature to try and avoid taxes. I mean, if you're European and you're a businessowner, you spend a huge chunk of your time looking into your finances and taxes. If you don't, you'll simply go bankrupt. This whole idea that you should expose yourself to the maximum amount of taxes is insane and defies all reason. Basically it's the green eyed monster. People can be so petty.
:tup: Word.
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
https://en.wikipedia.org/wiki/Tax_avoidance:


Of course this is merely because the public opinion is wrong. It is human nature to try and avoid taxes. I mean, if you're European and you're a businessowner, you spend a huge chunk of your time looking into your finances and taxes. If you don't, you'll simply go bankrupt. This whole idea that you should expose yourself to the maximum amount of taxes is insane and defies all reason. Basically it's the green eyed monster. People can be so petty.

Well we disagree fundamentally here then, for me utilizing letterbox companies in Panama or the Cayman islands is very unethical. Of course it isn't illegal, and they should not be punished by law (although I would definitely outlaw such practices in the future), but as a public figure he has to explain those practices - I mean he's the fucking PM of Iceland and e̶v̶a̶d̶i̶n̶g̶ avoiding paying taxes to the Icelandic state.

Now do you believe that tax evasion is ethically acceptable? Because the only difference between that and all those letterbox companies is the status of legality in my eyes, morally there is absolutely no difference whatsoever.

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That's the problem of the journalist trying to make issue of something just to further his career regardless of journalistic integrity
Well he's using some very shady mechanisms to actively avoid paying taxes to the same government he is leading - that should be of interest to the population of Iceland, shouldn't it?

Could be that it's illegal as well, don't know too much about this specific case or the intrinsics of the Icelandic tax code.
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,316
Well we disagree fundamentally here then, for me utilizing letterbox companies in Panama or the Cayman islands is very unethical. Of course it isn't illegal, and they should not be punished by law (although I would definitely outlaw such practices in the future), but as a public figure he has to explain those practices - I mean he's the fucking PM of Iceland and e̶v̶a̶d̶i̶n̶g̶ avoiding paying taxes to the Icelandic state.

Now do you believe that tax evasion is ethically acceptable? Because the only difference between that and all those letterbox companies is the status of legality in my eyes, morally there is absolutely no difference whatsoever.

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Well he's using some very shady mechanisms to actively avoid paying taxes to the same government he is leading - that should be of interest to the population of Iceland, shouldn't it?

Could be that it's illegal as well, don't know too much about this specific case or the intrinsics of the Icelandic tax code.
The moral difference is the law itself. Like I said, it'snormal behaviour to try and pay as little as possible. as a society we have also decided that these forms of tax avoidance are okay. For instance in Belgium it is cheaper to own your own business as a doctor and then let that business pay you as an employee with a fixed wage. Of course that's nonsense too, but this has been used for decades and no one is surprised by it anymore. In fact it's encouraged. So why should this be any different?
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
The moral difference is the law itself. Like I said, it'snormal behaviour to try and pay as little as possible. as a society we have also decided that these forms of tax avoidance are okay. For instance in Belgium it is cheaper to own your own business as a doctor and then let that business pay you as an employee with a fixed wage. Of course that's nonsense too, but this has been used for decades and no one is surprised by it anymore. In fact it's encouraged. So why should this be any different?
Well I'd disagree with those measures in principle as well, but the scale is simply not comparable, as are the motives - none of those people were doing it to keep their small business afloat.
 

s4tch

Senior Member
Mar 23, 2015
33,545
It's not tax evading if it's legal
if he really failed to declare his ownership/interest in a company, then it's clearly against transparency. in a couple of countries i know politicians should issue a yearly wealth statement, so failing to report such an ownership or interest must be illegal. i think it's not only about tax evasion vs tax avoidance. in case of a prime minister it's more about transparency and credibility.
 

Ocelot

Midnight Marauder
Jul 13, 2013
18,943
It's human nature..
First of all, you could say that to a lot of things that are rightfully considered to be both unethical and illegal.

Secondly, human nature is something that very very very much depends on cultural and social contexts, upbringing, etc. Apart from a few basic instincts, not something that is biologically pre-determined.
 

Seven

In bocca al lupo, Fabio.
Jun 25, 2003
39,316
First of all, you could say that to a lot of things that are rightfully considered to be both unethical and illegal.

Secondly, human nature is something that very very very much depends on cultural and social contexts, upbringing, etc. Apart from a few basic instincts, not something that is biologically pre-determined.
Have you worked for a living yet? Serious question.
 

GordoDeCentral

Diez
Moderator
Apr 14, 2005
70,779
if he really failed to declare his ownership/interest in a company, then it's clearly against transparency. in a couple of countries i know politicians should issue a yearly wealth statement, so failing to report such an ownership or interest must be illegal. i think it's not only about tax evasion vs tax avoidance. in case of a prime minister it's more about transparency and credibility.
In the video but it said he sold his part to his wife, so off the video alone he seems ok. I know politicians are lowlives in general but working the system to lower your taxes is not a crime.
 

Maddy

Oracle of Copenhagen
Jul 10, 2009
16,545
Do you own a business or are you an employee?
It's doesn't really matter. But I've tried both. And neither times have I a single time speculated in avoiding paying my taxes.

Your idea that it's human nature to try and avoid paying taxes is absolutely absurd.

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But great to know that the lack of corruption in Scandinavia is down to our genes.

Scandi supremacy.
 

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