12 Jul 2012
There is no paradox. Avoiding paying taxes through a loophole is clearly not the same as leaving your country in order not to be subject to its tax laws. Presumably the British rich who don't pay their income taxes now will still be welcome to go somewhere else when the loophole shall have been fixed.
12 Jul 2012
Isn't it possible for there to be "moral indignation" over more than one thing? Can't one deplore the loss of self-confidence by what was a self-assured cultural elite, that once controlled the school system, and does so no longer, and at the same time be amazed and furious at the avariciousness of too many in the entirely too self-assured financial elite?
The writer's prescription for dealing with tax evasion is to lower taxes, for then there will be less reason for evaders to evade. This is similar to the argument one hears from various immigrant right" groups, that if only there were a general amnesty for those they carefully describe as "undocumented aliens" (as if it were just a little matter of misplaced paperwork), then the problem would go away. There will always be those who will try to move heaven and earth to avoid paying less tax. But that is not a reason for attacking the tax rate -- which is now ridiculously low compared to the wonderful 1950s, a time of family and societal stability -- but for figuring out how to keep shutting down those tax havens, and thwarting those tax strategies, which, creative accountants are quoted in the piece as saying, will always re-emerge, in new guises. That's a counsel of despair, designed to make governments give up trying to enforce the tax laws, and instead to steadily lower taxes as the only conceivable way to end evasion.
I have another idea, quite different from the views of Dalrymple. To wit: raise the marginal tax rate, so as to dampen the kind of financial finagling by some, and widespread depressoin spreading among others, at the site of the concentration of wealth now surpassing banana-republic levels. I never tire of reminiding people that in the 1950s, under Eisenhower, the marginal tax rate was 91%, and there was no hectic financial finagling, no fears about losing one's job -- often a lifetime job -- after a merger or acquisition, and the captains of industry not figures of admiration and even, in the case of some high-tech tiptops, figures of cult-worship. Raise those rates, and with some of the revenues, pay for many more enforcers of both the immigration laws, and the tax laws.
There is no need -- while deploring the comical stupidity of the schools, and alerting people to the menace of Islam, and to the madness of the immigration policies all over the Western world -- to become a defender of privilege, or rather of the degree of privilege, of economic inequality, that lessens the sense of national solidarity that is required, damages the immune system, to ward off such things as Islam.
12 Jul 2012
There will always be those who will try to move heaven and earth to avoid paying less tax
Whereas if you avoid paying more tax it only costs you an arm and a leg.