Friday, March 27, 2015

The ultimate System hypocrisy: banks and borders

So much noise.... so much real trouble over offshoring of assets!

First you've got non-stupid Americans seeing the impending fate of the dollar, our freedom and rights, and stashing their assets in non-suicidal countries. This normal healthy pursuit has always been done but now Washington is virtually criminalizing it -- search FATCA.

Then came the mega-corporations (many of whom spend big bucks influencing Congress to do what it does) realizing in the Obozo age that taxes are really, really high in this country -- that they're being punished for prospering and helping our national economy to survive. (Alas for those that aren't in munitions -- they're less often on the politicians' A-list for cocktail parties and huge contracts!)

Now a special, oh-so-special case!

http://www.allgov.com/news/where-is-the-money-going/banks-say-thanks-for-the-bailout-now-well-park-our-profits-in-overseas-tax-havens-150316?news=855961
Banks Say “Thanks for the Bailout,” Now We’ll Park our Profits in Overseas Tax Havens

Special because banks are among the biggest caller of shots in politics. Special because banks have helped Washington destroy financial privacy and are now doing what the government despises most in citizen behavior (besides "racism"). Special for any number of reasons.... and most glaringly, of course, because banks have been given every advantage imaginable in these times of financial turbulence and ruin for others less favored.

Oh, wow, get the article linked immediately below it

Legalized Tax Fraud: How Top U.S. Corporations Continue to Profit Through Offshore Tax Havens
http://www.budget.senate.gov/democratic/public/_cache/files/3eaf7d6c-a87e-49cc-aa1a-be496f6c213e/legalized-tax-fraud.pdf

!!!!!!!!!!!!

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