Page 19 - Tax Codes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Elizabeth the second is among those named. and bono of rock band u two along with hundreds of famous names listed in the so-called paradise papers a catalog of shell companies and offshore accounts used to camouflage the tax avoidance strategies of the ultra rich while usually legally watertight the strategies of frequently morally dubious transactions carried out through so-called tax havens with no or low tax regimes publishing a black list of seventeen countries deemed to be tax havens is seen as an important step by the e.u. towards curtailing the practices. critics like international aid ...

A lot of profits that did not seem to be made there that's problematic and thus far countries are much looks invert the netherlands and ireland yet not one of those countries is included in the e.u. blacklist and none of those which are need fear sanctions for the moment either the e.u. hopes that simply being listed will bring countries like panama or barbados of the u.a.e. around to reforming their tax codes. let's bring in a modest mind to now an analyst and director of the tax justice network and marcus a lot of people see this european blacklist as a rather blunt instrument as that you ha...

>> so a base policy that extended into a foreign policy where you have a piece of foreign policy that has no practical effect other than a symbolic reassurance to the base. thank you all very much. fascinating conversation. we will have to do it again soon. next on "gps" another big thing in washington this week. the senate passed a tax bill instead of simplifying things in many ways it complex mys the tax code. we will get global lessons on how to really simplify taxes. there is a lot for america to learn from many countries, which have much simpler tax codes. remember how the economic crash

>> so here we have a base only policy that is now extended into a foreign policy where you have a piece of foreign policy that has no practical effect other than a symbolic reassurance to the base. thank you all very much. fascinating conversation. we will have to do it again soon. next on "gps" another big thing in washington this week. the senate passed a tax bill instead of simplifying things in many ways it complexes the tax code. we will get global lessons on how to really simplify taxes. there is a lot for america to learn from many countries, which have much simpler tax codes.

Taxes, it seems to me, looking at these places and looking at your book, is you have simple rates, not too many. >> yes. >> very few deductions, credits. very little of the kind of -- the special gizmos, give-aways to special interests. and you can see that in the fact that the tax code in most of these countries is much shorter than in the united states. the united states tax code, with irs rulings, is 75,000 pages long. >> yeah. >> i've seen european tax codes that are a few hundred pages. >> i asked if anybody at the irs has read the whole tax code. he laughed at me. the very idea. in other...