Obama want to shut down tax havens!GO SUCK MY ASS

[Arnjen]

Like i think lots of you have voted for that guy well i can expect lots of bad talk against me but still i needed to say this since he has lots of good things also this is just one TOO DUMB FOR WORDS idea of him. Why?

Does Obama Have the Power to do this? ? Absolutely not. He will be President of the USA is all, not king of the world.

He cannot tell other sovereign nations what to do. Here is the one world order, world?s policeman garbage rearing its ugly head again. Many people thought Obama would not be guilty of this garbage hoping to get away from Bush foreign policies.
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What is likely to happen? - Some of the EU anti-privacy countries and USA will team up and pick on smaller countries that are offshore centers. Some will cave in and submit to them, many will tell them to go away and stop bothering them. They know they will not get them all and will be happy with shutting down some. They will come back again another way and shut down more if they can. That is how they work. New ones always pop up. That is how the world works. The USA did themselves in with this USD crisis that affected Asia, EU and North America. Far fewer countries will be likely to listen to the USA now after the financial crisis, which is still ongoing. Some will listen hoping to get a handout. Overall there should be a shift in the offshore tax haven world. Switzerland is a high value target sure to suffer serious losses in banking secrecy.
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What can Obama do to USA Citizens & Residents? ? He can stop wires going to and from offshore tax centers. This he has the power to do. It would probably be done by requiring the bank to request an invoice on all foreign wires. If the bank did not feel the invoice was valid they would protest and report it as a suspicious event to homeland security and not send the wire. They could impose a tax on wires going to tax havens.
They could start investigations and audit those sending money offshore or receiving money from offshore. It is hard to predict how they could harass people in the USA using offshore Tax Havens but he would have several options. Obama could cut off the tourist trade to the Caribbean offshore countries to harass them if they did not submit to his draconian policies. The problem is the Caribbean nations have been so harassed already there is no offshore banking left to speak of for Americans in the Caribbean. No pot of gold for Obama in the Caribbean.
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What Would Obama Want to Happen? ? He would want to be able to get the offshore tax havens to open the books to them regarding banking, corporations, trusts etc. Then he would want the IRS to be able to send faxes to the offshore banks telling them to confiscate so much money from such and such account and wire it to them. All done without any courts, any trials, any evidence, no due process, no trial by a jury of your peers etc. The confiscation of funds would all be done administratively by a civil servant employee of the US Government. If they ever got money in error it would take decades to ever get it back and the expenses to sue them would probably use up all the money anyway, so once they get the funds, the funds would probably be gone forever. Of course this would violate the laws and constitutions of these countries, but little things like points of law and constitutions will not get in the way of his programs.
If they get the records they will collect penalties and taxes from USA people in wholesale quantities. Their idea of penalties is often several times the tax itself. Of course to stop protestations, court cases pleading innocence, errors, etc. they will threaten stiff prison sentences. This will mean more people without pensions, without savings and people unable to afford healthcare or health insurance. The people with less money who have government jobs or are on government sponsored social welfare programs will benefit with more and better benefits. Of course the problem is the people that are productive and own businesses and provide jobs will be punished financially. The incentive will be there for them to move offshore as the big corporations have done. This will make things worse. Businesses that make and sell things is the answer. Nothing we heard from Obama will encourage people to do this. Doom and gloom from Obama.
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Which Countries will be hit hardest? ? There is no pot of gold at the end of the rainbow in the Caribbean former tax havens that really are no longer tax and privacy havens. Most of the Americans have been driven away years ago due to pressure exerted by the USA on these governments reinforced by a threat of loss of tourism. Just attacking the Caribbean former tax havens is not going to yield anywhere near enough return to satisfy his needs for funds for his programs. He will go after the European Tax Havens since the EU is sympathetic to high taxes and the abolition of any form of privacy. The Swiss will probably submit to some serious extent as will Austria, Luxembourg, Lichtenstein, Cypress and other European jurisdictions. As to what level they will submit remains to be seen. They will throw him a bone or two at a minimum but Obama?s appetites and his social programs may require a lot more than a bone. Americans will find it harder and harder to get accounts in many (not all) offshore havens.

This of course is what Obama wants. Many EU people will also find the same thing. Panama not being a tourist area will probably resist strongly. They cooperate nicely with the USA drug interdiction programs and the USA will probably not want to rock the boat. Countries like Ecuador and Guatemala will never cooperate with Obama and thus we offer asset protection services and banking in these jurisdictions. These countries have awful relations with the USA. Hong Kong and Singapore may give in a little but maybe not at all. In general there will be a reluctance to open bank accounts for Americans and some EU citizens in a lot of the tax havens. There will also be some mandatory closing of bank accounts for American and EU citizens in some of these jurisdictions.
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What can you do? ? Get your money out now! The ones who get out first, get out with the most on the best of all possible terms. Open offshore corporations, foundations, bank accounts and stock brokerage accounts now before it is too late and you will be prevented from doing so or penalized for doing so. The USA constitution, if they still use that up there, prevents retroactive laws. They should grandfather your offshore structures in and allow you to keep them. If they impose a tax on money going offshore in the near future you will escape this since your money would have been moved before any such tax is made into law. If they tax money coming back into the USA, just leave it outside. You can buy real estate offshore. You can open stock brokerage accounts offshore. You can open businesses offshore. Start to think globally like they do.
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For more Serious People ? You can leave and settle down in Central America you can ride out the storm. Panama is nice, a bit expensive but nice. In Panama you can get a permanent residency easily. Panama citizenship and Passports is just about impossible. Panama allows gun ownership and CCW licenses are fairly simple.

You can come to Guatemala. It is cheap to live. Citizenships and passports are not at all hard to obtain. Gun ownership and CCW licenses are easy including what the USA calls class 3 weapons or AOW weapons. You can even have licenses to carry these concealed. No tax on offshore income in either country.

vote with your feet. If enough people leave you may not be able to leave one day soon. They want to tax you, not let you go to live a new life in another country. Unfortunately working for others is not a realistic option when you move offshore. You need to be self employed or retired but living is cheap and good in Guatemala. Crime in the USA is way higher than in Panama or Guatemala. Medical care is far cheaper and much better in these countries. In Guatemala just about any drug is available without a prescription. Panama has a lot of drugs available without a prescription. Guatemala has simply horrible relations with the USA, which can be a plus to some.


Just wanted to share that with you guys.

[TheSenator]

I had Taylor ham, egg with cheese and bacon drippings on sourdough roll with ketchup and mayo.

[Brujah]

Hasn't much of this already happened the past 8 years? Yes, I think so. Continue with the propaganda.

[Dagwolf]

Blah, blah blah... How do you expect a blind man to read all that crap?

[bigmack]

none of you should be doing that bullshit anyway. if people kept their money here in the USA like they should then it would make our economy stronger.

[DWB]

He can't shut down tax havens. What he CAN do is *try* to stop Americans and American companies from using them.

Easy to get around this.

[DWB]

Originally Posted by bigmack

none of you should be doing that bullshit anyway. if people kept their money here in the USA like they should then it would make our economy stronger.

Why should anyone keep their money in the USA? It's YOUR money, YOU earned it. YOU should decide where to keep it that protects it the most. Be it under your mattress, in a hole in your back yard or in a bank in another country. It's YOUR ass on the line when the dollar goes bust and you can't feed your family, not the governments ass. They don't care about you, they only want your money.

Your country, the one you think should get your money, doesn't care if you are homeless on the street with kids to feed. They will let you die there. Your country doesn't care if you have health insurance or not and would let you die or suffer in great pain if you could not afford help.

If my country doesn't care about me, I don't give a FUCK about my country. They fuck us every chance they get, as they are doing right now with YOUR tax dollars and spreading it out among wealthy business owners who have failed. That is where YOUR money is going because YOU leave it in the USA. I'll pass, thank you.

Given the current state of affairs and watching how the country is currently irresponsibly handing out billions of dollars, tax dollars, your money, to those who are already filthy rich, to have any other mindset on this issue is just pure comedy. It is how the mind of the worker bee operates. Protect the queen bee. Of course the worker bees all end up dead and they spent their entire life working for the queen. But hey, if it makes you happy to have been of service... have at it. After all, it is YOUR money. Spend it as you would like.

[Machete_]

Originally Posted by DirtyWhiteBoy

Why should anyone keep their money in the USA? It's YOUR money, YOU earned it..

True, its yours to do with what you want. But every time you send money out of your country - be it import goods or tax-evasion - the Stats needs to to get a equal amount of money from somewhere to fill that gap

They can do that by exporting products that are taxed, steal the money from another country, or have you steal it from someone outside the US

If they don't fill the gap, they will have to borrow that money from the FED again, with interest, to make up for the difference

[Fetish Gimp]

http://www.236.com/video/2008/get_yo...orde_10121.php

[Tjeezers]

i thought it was : kiss my ass, and suck my dick

[cykoe6]

Avoiding US taxes is already illegal so Obama is likely just saying he plans to step up enforcement measures. Personally I think any money that gets sent to the government is wasted which is why I opposed Obama and his tax increase in the first place. I would prefer to keep my money and do with it what I see fit rather than have some corrupt bureaucrat pass it on to his campaign contributors.

I heard a lot of people on this board who were clamoring in favor of higher taxes before the election so it will be interesting to see how they feel about actually paying those taxes. I would guess most of them would prefer to keep their own money and have someone else pay.

[Vendot]

This would be solved by one world bank and one world currency and one world government.

Anyway, how can they get rid of Dubai? Or bahamas? This is another sad move by struggling governments who want more tax revenue and recognise theyre losing it to countries which are more tax efficient and therefore charge less taxes.

[Socks]

Originally Posted by cykoe6

Avoiding US taxes is already illegal so Obama is likely just saying he plans to step up enforcement measures. Personally I think any money that gets sent to the government is wasted which is why I opposed Obama and his tax increase in the first place. I would prefer to keep my money and do with it what I see fit rather than have some corrupt bureaucrat pass it on to his campaign contributors.

I heard a lot of people on this board who were clamoring in favor of higher taxes before the election so it will be interesting to see how they feel about actually paying those taxes. I would guess most of them would prefer to keep their own money and have someone else pay.

When you hear of the trillions of dollars of bailouts from tax payer's money, did you really think you wouldn't actually feel the effects when it comes time to pay? Americans, this is one of the many reasons why you don't let your leaders have such staggering power over you. Most people still believe they can pay the trillions of dollars of debt down, WITHOUT raising taxes..... Pause... Reflect...

The current taxes your country pays adds up to a big fat DEFECIT.. After the dust settles there will be more than 1 million jobs lost in your nation just from the current crisis.. That equals a whole bunch of lost taxes too, increasing the defecit.. So explain to me how you intended to pay for this, without increasing taxes?

[Ethersync]

Originally Posted by Vendot

This would be solved by one world bank and one world currency and one world government.

Anyway, how can they get rid of Dubai? Or bahamas? This is another sad move by struggling governments who want more tax revenue and recognise theyre losing it to countries which are more tax efficient and therefore charge less taxes.

The whole world will never sign on for a global currency. There would always be countries not on board. They may try to replace the Dollar with an alternative global currency that is used for global trade in the same way petrodollars are used for oil trade in almost all oil markets.

As for offshore companies in the Caribbean I do not see these disappearing since the majority of the "rich elite" of the world use them as do a huge number of senators and congressmen as well as politicians around the world.

[notoldschool]

Nobody really cares anymore. They just want to masturbate at tube sites and forget about our currency problems.

[BlackCrayon]

Originally Posted by DirtyWhiteBoy

Why should anyone keep their money in the USA? It's YOUR money, YOU earned it. YOU should decide where to keep it that protects it the most. Be it under your mattress, in a hole in your back yard or in a bank in another country. It's YOUR ass on the line when the dollar goes bust and you can't feed your family, not the governments ass. They don't care about you, they only want your money.

Your country, the one you think should get your money, doesn't care if you are homeless on the street with kids to feed. They will let you die there. Your country doesn't care if you have health insurance or not and would let you die or suffer in great pain if you could not afford help.

If my country doesn't care about me, I don't give a FUCK about my country. They fuck us every chance they get, as they are doing right now with YOUR tax dollars and spreading it out among wealthy business owners who have failed. That is where YOUR money is going because YOU leave it in the USA. I'll pass, thank you.

Given the current state of affairs and watching how the country is currently irresponsibly handing out billions of dollars, tax dollars, your money, to those who are already filthy rich, to have any other mindset on this issue is just pure comedy. It is how the mind of the worker bee operates. Protect the queen bee. Of course the worker bees all end up dead and they spent their entire life working for the queen. But hey, if it makes you happy to have been of service... have at it. After all, it is YOUR money. Spend it as you would like.

I disagree, if you use highways, brides, postal service, ect you should be paying taxes. If your a US citizen who doesn't live in the US and has no plans to in the near future, I would agree but most live in the US and enjoy all the benefits of doing so without paying their share. Sure the government is fucking people, but what else is new? If everyone put their money offshore the country would turn into a third world nation much quicker than it already is.

[BusterBunny]

Originally Posted by Sex2Have

i thought it was : kiss my ass, and suck my dick

front to back don't want to get a u.t.i.

[Ethersync]

Originally Posted by BlackCrayon

I disagree, if you use highways, brides, postal service, ect you should be paying taxes.

Highways and bridges are paid for with gasoline taxes. The US postal service is not free last time I checked. You pay for the service and it's not subsidized by the government anymore.

Do you have any valid points?

[BlackCrayon]

Originally Posted by Ethersync

Highways and bridges are paid for with gasoline taxes. The US postal service is not free last time I checked. You pay for the service and it's not subsidized by the government anymore.

Do you have any valid points?

I'm not going to look up everything that income tax pays for...tax havens shouldn't be legal, end of story. If you don't want to pay taxes, move to romainia or some other shithole.

[Vendot]

Originally Posted by BlackCrayon

I'm not going to look up everything that income tax pays for...tax havens shouldn't be legal, end of story. If you don't want to pay taxes, move to romainia or some other shithole.

Romania. And its no shithole.... it has a GDP that will grow at 8% this year and is really coming up.

As for tax havens. Why shouldnt they be legal? A country can levy any taxes it chooses.

[Violetta]

How much do you americans pay in taxes? Here in norway it is between 37-48%!

stop complaining, and let obama do his job!

[BlackCrayon]

Originally Posted by Vendot

Romania. And its no shithole.... it has a GDP that will grow at 8% this year and is really coming up.

As for tax havens. Why shouldnt they be legal? A country can levy any taxes it chooses.

People set up corps in these countries only for the purpose of avoiding taxes. If people were actually doing business in these countries, sure but they aren't.

[Ethersync]

Originally Posted by Vendot

As for tax havens. Why shouldnt they be legal? A country can levy any taxes it chooses.

Exactly. In fact the the US is probably the world's best tax haven for foreigners. Two foreigners can setup a Delaware LLC and have 0 tax obligations. That was the case a few years back. Things change so it may not be. Not sure. The UK was (is?) also a great tax haven for people that are not British.

Vendot is right though. The US (or any country) has no business telling other countries how to handle taxes. End of fucking story.