the caribbean bank formerly owned by barclays has been targeted by u_s_ taxes
already seeking information on suspected american tax evaders
it's part of a cross border investigation between taxes cookbook
ortiz in the united states the united kingdom and australia and it's
potentially the biggest crackdown on tax evaders in history
so is a fascinating story is not getting much press
the reason why i want to talk about it is because
do you have any idea
how rare this is
how often do you hear about the i_r_s_ cracking down on all sort actually dins
and
the rich tax evaders
colette is free it's not but terry the construction worker because money
overseas
hidden away in the caribbean
is probably a major racial act
uh... this reminds me i'm getting attacked on twitter
i think was about a week ago
when i did the video about how're and paul
was defending apple for basically just debating two billion dollars in taxes
and the attack was a layer is competing with jerry
dot kalyana understand
what they're what i was doing is legal
so in fact it just come down
yeah but dude
that's kind of my point i might have slipped in the video and said always
it's illegal it was in a legal it was perfectly legal but is the whole idea of
the letter of the law verses the spirit of the law
why is it the white is that were all the headlines that apple is dodging two
billion dollars in taxes
if they use these complex tax schemes era lobbied for bubye the lobbyists of
the corporations where they do all this tricky stuff in the next thing you know
they just dont two billion dollars in taxes are not supposed to
not paying those two billion dollars in taxes it's how i guess
you know something that's smile that is frowned upon and rightfully so when they
should close the loopholes immediately right
that's again why i'm so surprise that they're actually cracking down this time
here are the two fax that just
absolutely positively blew my mind i think we might mention in the past on
the show but i wanna bring them up again
because the they showed you
just how in seymour tax system is
there's one building a single address in the cayman islands
that has
eighteen thousand companies per registered to it
why is that
because all these different companies
pretend like that's where they're working from they set up shop there
they uh...
hide from their taxes in the united states
eighteen thousand business is not a actually people bring in you know there
are a brown bag lunch in suitcase walking in day-in and day out working
well of course not
as in the fucking pillbox
it's another way of dodging taxes and again is the reginald corporations that
are doing it dishonest sixty thousand dollar a year
and on top of that when you look at the total number
the industry attacks dodging how much it's worth
blow your mind and
twenty
trillion
dollars
along priorities yourself or government any
uh... here's the thing
from now on uh... their nobody's allowed to talk about but deficit reduction in
debt reduction
angela first name
they wanna close is the absurd tax loopholes
no i want your paid by the republicans or democrats
about the deficit damansara valo overnight a lot of time that it felt
like
are a great by very few
so let's not close all user tax loopholes
i dry red schemes do you have a four on-air
there's like a double irish and i mean they sound like fucking coffee orders
the double irish uh... loophole where first big up by a subsidiary of it in a
different countrymen that country
wins it the hard line in the next thing you know
kabul millions dollars a uh... no money for the government
sorry about that
they'll here's the thing
if you want to have been argument about what the tax rate should be and what it
shouldn't be wants to high what's to low that's of course only to those
reasonable discussion to have a democracy
and i i agree i encourage that discussion
but the second
somebody defends this
that is unpatriotic
if you're saying we're gonna dodge taxes to the point that it's basically
starting the government
of revenue
and we deficit spending continue fucking whoever's
unemotional as department parcel being of peter it is pain here dot and that is