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Well yes, we need an equitable international tax framework.

May I suggest, however, that preserving inherited wealth may not be the best horse to put before the cart of increased international tax code harmonisation.

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Sun Nov 29th, 2009 at 04:08:02 PM EST
[ Parent ]
May I suggest, however, that preserving inherited wealth may not be the best horse to put before the cart of increased international tax code harmonisation.

Agreed. But it may be an essential horse to hitch to the wagon in order to get it moving. Once moving it may be possible to steer it to some destination other than the stable to which it would return of its own accord. I hope the Germans do veto the current proposal. Interim work-arounds can be found for legitimate security issues.

Even though the current SWIFT process in conjunction with existing US tax policy may result in significant revenue from non-US residents and thereby redound to my own personal overall welfare I still cannot help but find the whole process monstrous and repugnant, especially when combined with the tax breaks the wealthy receive in the USA.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Nov 29th, 2009 at 04:24:50 PM EST
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