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by stev-0
1285 days ago
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Explain a single scenario of how one acquires large amounts of cash that: 1. Isn’t easy to provide provisions for.(which is how cash payments can be made legal).
2. Doesn’t require criminal activity in Europe. I think a lot of people are thinking about this with the US tax system in the back of their minds. The tax system in many European countries is very different. We pay WAY more income tax.
That means that the incentives for tax avoidance are much greater. As a result tax avoidance is a European pastime. I think that a more transparent financial system is a great thing to strive for. Less financial privacy is is likely to lead to.
1. less money going toward lobbying.
2. Less tax avoidance
3. Less hidden wealth.
4. Less/more expensive money laundering. It might someday even lead to successful taxation of wealth instead of income. |
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