Most of you have read about the G-20 saving the World by suggesting more taxes.
Here is a recap from the Financial Times of London.
Finance ministers and central bankers from the Group of 20 leading economies stressed that the recovery from global recession “is uneven and remains dependent on policy support”. The complete FT article is here.
The real news is a battle to avoid the next Great Depression. As I discussed in this article, while the English enjoy writing about history, they desire to repeat their mistakes.
The concept that a tax is not paid by the population belongs to the naive. All businesses are owned by people (just as all countries are owned by people). Only people pay tax; either directly on indirectly (via their businesses).
The real story is the America’s leaders are doing everything to avoid the Next Great Depression. If you are an international business, consider removing any tax nexus from the UK… it is going to get ugly. Remember, they had exchange controls forty years ago.
Thank you for your help!
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It sounds like you’re creating problems yourself by trying to solve this issue instead of looking at why their is a problem in the first place
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