A stepped up effort against tax avoidance by multinational firms will feature strongly in Inland Revenue’s much-delayed compliance document, expected to be released within the week.The document, Compliance Focus, is usually released at the end of July or early August and sets out the IRD’s priorities on tax for the coming year … The multinational dimension though is understood to be the main cause of the delay. Key to this is the impact of work by the OECD and other international agencies, along with other tax authorities, on what is called BEPS’ – base erosion and profit shifting - by multinational firms.
Put simply, this is involves a small number of high profile firms – such as Amazon, Apple, Google, Facebook, Starbucks, and global rock bands such as U2 – shifting their declared profit, revenue and intellectual property to the most tax advantageous regimes.
Liberty and freedom are two proud words that have been executed from the political lexicon: they were frog marched and stood before a wall of blank minds, then forcibly blindfolded, and shot, with the whimpering staccato of ‘equality’ and ‘fairness’ resounding over and over. And not only did this atrocity go unreported by journalists in the mainstream media, they were in the firing squad.
The premise of this blog is simple: the Soviets thought they had equality, and welfare from cradle to grave, until the illusory free lunch of redistribution took its inevitable course, and cost them everything they had. First to go was their privacy, after that their freedom, then on being ground down to an equality of poverty only, for many of them their lives as they tried to escape a life behind the Iron Curtain. In the state-enforced common good, was found only slavery to the prison of each other's mind; instead of the caring state, they had imposed the surveillance state to keep them in line. So why are we accumulating a national debt to build the slave state again in the West? Where is the contrarian, uncomfortable literature to put the state experiment finally to rest?
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