Tag: tax havens

@PikettyLeMonde pension fund socialism has finished taking over #capitalism #Piketty

Peter Drucker first pointed out in the 70s that the retirement savings of ordinary workers will end up opening the majority of public listed companies. That day has come much to the disappointment of the Leftover Left ranging from Thomas Piketty to Max Rashbrooke.image 

Source: CONVERSABLE ECONOMIST: US Corporate Stock: The Transition in Who Owns It.

Any call for higher taxes on investment incomes and capital and even tax havens is an attack on the retirement savings of ordinary workers.

I hope no one in @OxfamGB’s #taxhaven clip were fresh from a #TPPANoWay march?

I hope none in this clip protesting against tax havens as short changing everybody else were fresh from protesting how international economic agreements such as the TPPA infringe on the sovereignty of countries.

If you standing up for national sovereignty that includes standing up for the right of other countries doing things that you do not like within their own country.

If countries have the right to set taxes and tariffs as high as they like, they have just the same right to set them as low as they like.

All that plucky rhetoric of TPPA no way and how international economic agreements violate the sovereignty of countries and developing countries in particular is forgotten in a flash by Oxfam.

Oxfam manages the blinding hypocrisy of opposing the Transpacific Partnership on national sovereignty grounds and at the same time call for international treaties to bully small countries about their tax policies, which overrides their economic sovereignty.

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The sovereign rights of developing countries to find their own way does not extend to undermining the tax bases of the rich countries struggling to finance their welfare states.

The Pacific Islands, the once were heroes of the recent Paris climate talks, turn into pariahs once they start looking out for themselves and setting up offshore financial centres and tax havens.

Developing countries are free to impoverish themselves by embracing socialism, but if they decide to attract investment and jobs through low tax rates and offshore financial centres, a new form of colonialism is embraced by the reactionary left as embodied by Oxfam.

The scale of the #Panamapapers leak

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@oxfam is shape shifter on national sovereignty #TPPANoWay #endtaxhavens

Oxfam has no interest in the sovereignty of small states. It supports a new form of colonialism – tax colonialism.

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Source: Growing international call for transparency in TPPA negotiations | Oxfam New Zealand.

While Oxfam upholds the sovereign right of countries to regulate and expropriate, they do not defend the rights of those same countries to tax as they please, including to cut taxes to attract investment and offshore financial centres.

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Source: Growing international call for transparency in TPPA negotiations | Oxfam New Zealand.

All that plucky rhetoric of TPPA no way and how international economic agreements violate the sovereignty of countries and developing countries in particular is forgotten in a flash.

<p>Oxfam manages to have the blinding hypocrisy of opposing the Transpacific Partnership on national sovereignty grounds and at the same time call for international treaties to bully small countries about their tax policies, which overrides their economic sovereignty.</p>  <p>