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French President Has Called For "eradication" Of The World's Tax Havens

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French President Francois Hollande has called for "eradication" of the world's tax havens and told French banks they must declare all of their subsidiaries. He was speaking after presenting a draft law aimed at "moralising" French public life - a response to the tax scandal that has shaken his presidency. Link

Is he really serious about it?

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Is he really serious about it?

Erm, no and even if he was he's completely ineffective. He just wants people to talk about other stuff than the bunch of fraudsters (Ayrault and Harlem Desire who've both had prison terms for fraud) and cheats (Cahuzac and other ministers with secret bank accounts) in his government.

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Is he really serious about it?

No

- cos the elites (zionist JP morgan-Goldmann banker 'fronts') have already plunged 90% World population into relative poverty thru wealth/savings/pen_sion theft

This has completely stalled and almost paralyzed the West in particular.

They then 'manufacture' and foment wars/strife amongst populations - from past history!

Edited by erranta

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Is he really serious about it?

He's serious about calling for it and earning all the brownie points that brings, but the proposals will surely die a slow quiet death and just be forgotten about.

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Erm, no and even if he was he's completely ineffective. He just wants people to talk about other stuff than the bunch of fraudsters (Ayrault and Harlem Desire who've both had prison terms for fraud) and cheats (Cahuzac and other ministers with secret bank accounts) in his government.

Hollande is also a faux J - like both sides of french party leaders/top cabinet members

(cheating trougher hungarian Sarkozy)

The first thing these 5th columnists infil-traitors did was alienate the Arabs in ex-french colonies by various means!

Edited by erranta

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He's serious about calling for it and earning all the brownie points that brings, but the proposals will surely die a slow quiet death and just be forgotten about.

I'm not so sure about that. The environments changed. The politico's given the choice would want the system to continue as is, but the electorate are not happy, not with all the continued revelations on tax avoidance, money laundering, etc. There's also the desperate need of governments for more tax revenue to fix budget holes, given that electorates are fundamentally rejecting austerity as the means to do so.

Thus there has already been a number of developments on the tax haven and tax avoidance front, to whittle away some of the tax leakage. Of course our gideot of the exchequer has then gone and intentionally created more loopholes to enable tax avoidance, though thankfully our european neighbours have not.

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He's serious about calling for it and earning all the brownie points that brings, but the proposals will surely die a slow quiet death and just be forgotten about.

At some point, however painfully, the leakage of tax revenues through offshore havens has to be addressed. Really, it's an abuse of international law on sovereignty.

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I'm not so sure about that. The environments changed. The politico's given the choice would want the system to continue as is, but the electorate are not happy, not with all the continued revelations on tax avoidance, money laundering, etc. There's also the desperate need of governments for more tax revenue to fix budget holes, given that electorates are fundamentally rejecting austerity as the means to do so.

Thus there has already been a number of developments on the tax haven and tax avoidance front, to whittle away some of the tax leakage. Of course our gideot of the exchequer has then gone and intentionally created more loopholes to enable tax avoidance, though thankfully our european neighbours have not.

It's nothing to do with what the electorate wants - the governments are getting desperate for money and they need to put on a dog and pony show of tax 'fairness' so that they can squeeze the general public even harder without provoking a backlash. Part of this is being seen to be talking tough on tax havens and tax loopholes.

It would be very easy to close the loopholes - they are well known and well used. It also would be possible to do a lot more to crack down on people taking advantage of tax havens. Neither will happen in any meaningful way as the elite in society need a way to be able to dodge paying taxes on their wealth, legally. This is why such tax anomolies exist in the first place and have been allowed to continue to exist.

The only changes made will be aimed at stopping the wealthier non-elite from taking advantage of the facility to avoid tax too. Witness the excoriation of Jimmy Carr for having the temerity to do what is common practice (dodge tax) for establishment insiders.

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This is the same chump whose minister charged with implementing the 75% tax used tax havens, right?

And what is a tax haven? Anywhere with a less than 75% tax? Anywhere that isnt france?

Thought his type died out around 1990.

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"Hollande calls for the Eradication of Switzerland, Monaco and Liechtenstein".

Is he Europe's Kim Jong-un?

Monaco and Liechtenstein would not exist without the protection of states like France and Germany.

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I have good news for you - it's bound to happen before the tax havens get shut down!

:lol::lol::lol::lol::lol:

Actually they will both happen at he same time

Don't be greedy - any 2 will do.

I think 1 would be all my xmases and birthdays put together

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At some point, however painfully, the leakage of tax revenues through offshore havens has to be addressed. Really, it's an abuse of international law on sovereignty.

Not sure about that. With respect to rich people living in France, almost every other country in the world could be called a tax haven. Is every other country with lower tax rates than your own deemed a tax haven? They only way to remove all tax havens is to have a single world state with one set of tax rates.

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Not sure about that. With respect to rich people living in France, almost every other country in the world could be called a tax haven. Is every other country with lower tax rates than your own deemed a tax haven? They only way to remove all tax havens is to have a single world state with one set of tax rates.

If we are to have genuine globalisation then this has to happen. Or at the very least you'd have a US-style system with federal and local taxes.

Of course, if people don't like the idea of an overarching global superstate, then we have to accept limits on globalisation and capital movement. Because the alternative is what we see now; massive tax avoidance leading to national governments being squeezed, with a consequent collapse in middle class living standards.

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Because the alternative is what we see now; massive tax avoidance leading to national governments being squeezed, with a consequent collapse in middle class living standards.

National governments are not being squeezed by tax avoidance, they are being squeezed by the need to service the debt they have accrued through ludicrously high spending.

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National governments are not being squeezed by tax avoidance, they are being squeezed by the need to service the debt they have accrued through ludicrously high spending.

+1

The idea that the problems are caused by an inability to raise tax is laughable.

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Not sure about that. With respect to rich people living in France, almost every other country in the world could be called a tax haven.

Which is why a certain M. F.Hollande Esq. is hiding 2 million in property assets in London via a UK ltd co.

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