Should all assets of American companies held in the Cayman Islands and Dubai be seized for Tax-Evasion?
Yes, If an American corporation has their base of operation within the boarders of the United States then yes, all of their assets held in the Cayman Islands and Dubai should be seized and held for tax evasion and the property owners that put that property their should be brought up on charges for tax evasion. On a different note, this is for Susan, I like your avatar and what it represents.
It’s a good idea, but these assets are in a foreign country. The only way to do that would be to sign a treaty with these countries, which I doubt that they would agree.If the IRS were to find out that that a company has assets abroad, they could seize their property or tax then very heavily until the money abroad is paid back to the government.
So many mega-corporations have abandoned the U.S. to avoid taxes (companies like Halliburton, for example, which earns billions of dollars from U.S. taxpayers, then refuses to pay its fair share of U.S. taxes). This should be against the law – and punishable by having all assets seized and declaring the corporation insolvent. Trouble is, the corporate crooks are so cozy with the crooks in Congress, that ain’t ever gonna happen!
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- Should all assets of American companies held in the Cayman Islands and Dubai be seized for Tax-Evasion?
