millionnaires avoiding tax, page-34

pierogi

Thanks for your input; sorry to be slow in responding.

There may just be a slight chance that our media is beginning to show some interest in these matters.

In The Age online today Ben Turner has reported that scores of rich Australians are dodging tax according to the ATO:

"... more than 2 million documents that show how thousands of people around the world use shell companies and trusts in tax havens Singapore, the British Virgin Islands, the Cayman Islands and the Cook Islands.

Mr Williams said he expected the number of Australians caught up in the probe to grow as the ATO swaps intelligence with its US and British counterparts. ..."

One day we may even turn our attention to the ill-gotten gains of drug traffickers; wherein people who never work so easily launder their blood money and enmesh themselves in our polite society while leaks such as those from the Victorian Police Leap database undermine law enforcement and enable the bad apples to meter out retribution.

Given all the pollies with legal backgrounds surely we have a right to expect an effective legal system.

http://www.theage.com.au/opinion/political-news/scores-of-rich-australians-dodging-taxes-ato-says-20130509-2jaty.html