Most people know about Luxembourg,Bahamas and British Virgin Island as offshore tax haven but in my own country there's also 1 place that is considered as tax haven and that place is Labuan,Sabah😂 They only charged 3% tax rate or flat rate of RM20000 or 4300 USD per year. My government objected for Labuan to be called as tax haven but with the tax scheme or tax regime is like that, the only things that can be said is Malaysia did have offshore tax haven. Damn
If you live in a house, you pay the rent. That money goes to ensuring safety, comfort, and good living conditions. Its the same as a country. Your taxes go to financing schools, hospitals, roads, public transport, among many other things. Some of it is spent on security. We live in a community and as social animals we rely on our communities. Taxes support the growth of ourselves and our countries. The issue isn't taxes, it's governmental corruption. If you have a problem with the way your taxes are spent, that's not an issue with the system of taxation, but the people deciding how they're spent.
@@rubydeep1191 State taxes are sufficient for all of those things you mentioned. Not only state taxes but sales tax. Federal income taxes fund none of that. They go towards the interest to the national debt. Federal taxes were started to fund the world wars and they just never stopped and nobody said anything. There is no representation to the taxation that the working and middle class pay. Corporations and the ultra rich do not pay nearly as much in taxes percentage wise. Again those taxes do not go towards Ifrastructure or anything we use as a nation. They go to the banks and to fund stupid wars so big companies can make millions off the contracts when they rebuild the nation we invade. More and more people are seeing that federal taxes are BS and a sham.
@@mralexcharlet-p for what? Federal income taxes do not go towards anything as intended. Federal income tax was started to fund the two world wars and it never stopped. Its also unconstitutional. State taxes and sales tax is a different story. I do believe in those
A slap on the wrist or being shamed is NOT a strong penalty for banking and tax fraud. The bankers deserve the maximum penalty just like citizens get for fraudulent schemes. 🤮😡😡
This tax avoidance or tax optimization as they called it is not limited to multinational companies of a few countries. Basically all of MNC companies is doing the exact same thing to avoid tax at their home country. Even everyone favourite company,Apple is doing this.😂 The problem is European Law itself allow this fraud scheme as mentioned in this video so it wont stop as long as EU dont change their own law😂
I've not watched all of this video but I think that if every government just put a fair tax nobody would hide their money even government's wouldn't tied them money neither I'll be happy to pay their a fair tax.
Yea people think it's a partisan thing. There are no parties ...just have a and have nots. They keep us fighting with eachother over petty things while they rob us daily. I don't believe in anything anyone or any party says if there isn't any substance or follow-thru with it. The list of politicians I respect is very small...only two or three from each party. Its amazing how every four years, the candidates talk all this big talk and nothing gets done and humans seem to like it. The people out there really living and acting right are eclipsed by people that sound good but produce nothing
Most people know about Luxembourg,Bahamas and British Virgin Island as offshore tax haven but in my own country there's also 1 place that is considered as tax haven and that place is Labuan,Sabah😂
They only charged 3% tax rate or flat rate of RM20000 or 4300 USD per year. My government objected for Labuan to be called as tax haven but with the tax scheme or tax regime is like that, the only things that can be said is Malaysia did have offshore tax haven. Damn
Labuan Malaysia 🇲🇾
what's the point of establishing a business if I have to give the government to fund wars I disagree with ?
If you live in a house, you pay the rent. That money goes to ensuring safety, comfort, and good living conditions. Its the same as a country.
Your taxes go to financing schools, hospitals, roads, public transport, among many other things. Some of it is spent on security.
We live in a community and as social animals we rely on our communities. Taxes support the growth of ourselves and our countries.
The issue isn't taxes, it's governmental corruption. If you have a problem with the way your taxes are spent, that's not an issue with the system of taxation, but the people deciding how they're spent.
Thank you !
@@rubydeep1191 State taxes are sufficient for all of those things you mentioned. Not only state taxes but sales tax. Federal income taxes fund none of that. They go towards the interest to the national debt. Federal taxes were started to fund the world wars and they just never stopped and nobody said anything. There is no representation to the taxation that the working and middle class pay. Corporations and the ultra rich do not pay nearly as much in taxes percentage wise. Again those taxes do not go towards Ifrastructure or anything we use as a nation. They go to the banks and to fund stupid wars so big companies can make millions off the contracts when they rebuild the nation we invade. More and more people are seeing that federal taxes are BS and a sham.
@@mralexcharlet-p for what? Federal income taxes do not go towards anything as intended. Federal income tax was started to fund the two world wars and it never stopped. Its also unconstitutional. State taxes and sales tax is a different story. I do believe in those
A slap on the wrist or being shamed is NOT a strong penalty for banking and tax fraud. The bankers deserve the maximum penalty just like citizens get for fraudulent schemes. 🤮😡😡
If the average working or middle class did it we go to prison
@@raminrouchi202 Yep. That's more than unfair to the rest of us.
"Department of Contributions" 😂
Labuan Malaysia olso a tax havens too 🇲🇾
Thanks 😊
👍🏻 nice
Remind us the tax rates in those countries especially France
So many damn ads i cant even make a real substantial comment without it being erased
Stop tax evasion ir optmization
Accounting for Fox News and sports has taught me more than enough about international affairs and the top tiers of politics
HOW ABOUT UNTEL GROUP OF COMPANIES -TURKEY AND LIV GROUP OF COMPANIES -UK . TEY ARE OOERATING IN LUXEMBOURG TOO
Evidently they're all criminals. 😡
This tax avoidance or tax optimization as they called it is not limited to multinational companies of a few countries. Basically all of MNC companies is doing the exact same thing to avoid tax at their home country. Even everyone favourite company,Apple is doing this.😂
The problem is European Law itself allow this fraud scheme as mentioned in this video so it wont stop as long as EU dont change their own law😂
I've not watched all of this video but I think that if every government just put a fair tax nobody would hide their money even government's wouldn't tied them money neither I'll be happy to pay their a fair tax.
The Depraved Republicans refuse to do that. It's too fair for us.
Good
Its a big club , and you aint in it. George Carlin.
Yea people think it's a partisan thing. There are no parties ...just have a and have nots. They keep us fighting with eachother over petty things while they rob us daily. I don't believe in anything anyone or any party says if there isn't any substance or follow-thru with it. The list of politicians I respect is very small...only two or three from each party. Its amazing how every four years, the candidates talk all this big talk and nothing gets done and humans seem to like it. The people out there really living and acting right are eclipsed by people that sound good but produce nothing
organization. Of legal. Criminals
Exactly and they set themselves up to reap all of the money. 😡🤮
Schmits speak with me
😮🎉🎉
Everyone plays dumb.