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TorgoX (1933)


"Il est beau comme la retractilité des serres des oiseaux rapaces [...] et surtout, comme la rencontre fortuite sur une table de dissection d'une machine à coudre et d'un parapluie !" -- Lautréamont

Journal of TorgoX (1933)

Tuesday April 16, 2002
03:42 PM


[ #4254 ]
Dear Log,

Some tax-time thoughts for you all:

«Many major companies - including Virgin, Microsoft, General Motors, Kodak, News Corp, Boeing, Chevron, Northern & Shell and Portland Investment - use offshore tax havens to avoid tax obligations in host countries.

Almost one-third of the world's gross domestic product passes through such tax havens as Belize, Guernsey, Bermuda, the Isle of Man, the Bahamas and the Cayman Islands. Places like Belize offer secrecy and do not recognise judgments and claims from other jurisdictions. They specialise in opaque corporate and financial structures, with no annual company reports or disclosures.»

-- "Show us the money"

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  • This is the kind of thing that our guvmint really needs to crack down on most of all in re: money. Damned corporations.