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OFFSHORES. LEGAL BUT NOT FAIR YET.

In April 2016, it was clarified that only Portuguese had 69 billion euros in tax havens, with 36 billion euros in Switzerland. Officials of Gabriel Zucman, an economics professor at the University of California, who have estimated 8% of the world’s wealth in offshore centers. More: according to Zucman, 80% of the value was not declared or accounted for. Basically, according to the professor, this figure was substantially lost per year, in tax revenues, about 180 billion euros. In Europe alone, then, 71 billion were lost. We need to force the banks pay a generous amount of tax when they create of an offshore company and make sure that every transfer pay a little just contribution. What Do you think about it?
1 year ago in Tax Justice
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Explanation

Tight the Tax policy in Offshores transferences.

Comments (1)

If all this amount of money of the very very few portuguese, are in Tax Heavens and due to the lack of it in Portugal, since 2011, I believe that part of this money is badly needed in the Portuguese HEALTH and EDUCATION, but MAINLY for the IMMEDIATE PAYMENT OF THE FOREIGN DEBT which is strangulating the Portuguese Economy. i am not completely against Paradises, as I believe that we all should be free to keep our money where and how we trust most and, at the same time, I also have had to follow the way some moneys travel, due to a job I had to do, almost 30 years ago, to find that in reality most of the fortunes deposited and kept in Paradises,go back to the country of its origin, or to the owner’sbirthplace, as investments. But the paradises may need more or stronger rules in order to beat the bad image that has allowed to be created… being part of them in coordination with the countries of origin, so that the due taxes are paid and in some cases immediate re-investment is duly needed. Clara de Sá-Carneiro.

10 months, 1 week ago in Tax Justice

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