Tax havens & currency speculation
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Uploaded by TheRealNews on Nov 20, 2009
Kapoor: Tax currency speculation, close off-shore tax havens and raise tax on unearned income
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It is illegal to set up an offshore account and fail to report investment income, like he is suggesting people do all the time.
I also disagree with his general theme of taxing the economy to death.
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Sony Kapoor is wrong about people avoiding taxes by setting up financial accounts in tax havens. U.S. citizens and residents are taxable on their worldwide income. There is tax deferral for active business income until the money is brought back into the U.S. -- i.e., income from active business operations in a foreign country. But, there is no tax deferral on the types of passive investment income about which he speaks.
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hahahaha
big talk over yt
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You must have heard that from your mother as she was watching your father ram his penis up your ass.
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You must have heard that from your father as he was ramming his penis up your ass.
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ps- your fucking stupid
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Fuck you asshole
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No, the "progressive mindset" is that if you're a leeching middleman, then you're not actually EARNING a DAMNED THING.
Investment and raising capital are important and valid parts of a functional market, but without tight regulations, speculators and other scum will suck money out without contributing to the productive economy.
psychoholicmike 2 years ago 9
My favorite part of the interview was the last line where paul jay says "it all seems rather obvious so now lets talk about why its not being done."
aaa10247 2 years ago 2