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	<title>Comments on: Bermuda Cited In US Tax Avoidance Report</title>
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		<title>By: EZ</title>
		<link>https://bernews.com/2013/04/bermuda-cited-in-us-tax-avoidance-report/#comment-572643</link>
		<dc:creator><![CDATA[EZ]]></dc:creator>
		<pubDate>Thu, 09 May 2013 18:11:52 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=179928#comment-572643</guid>
		<description><![CDATA[No, what the US &quot;needs&quot; is to reduce (and make more efficient) the always-increasing, bloated, wasteful, and corrupt government bureaucracy, reduce the need for continual higher taxes and economy-crushing deficit spending by eliminating agencies and departments that usurp powers not enumerated by our Constitution, and free up the markets from overburdening regulations that only serve to crush the entrepreneurial spirit of current and future business owners.

Because of Obamacare alone, I will lose over $400 a month in income (pretty much my entire above-expenses cushion) when my employer will be forced to drop my (and hundreds of other employees) hours worked below 30 so that they are not forced to waste their hard-earned (and slim) profit margins on nationalized (unconstitutional -- I don&#039;t care what those Supreme Court HACKS say) &quot;healthcare&quot;.

The only reason the Federal Government thinks they &quot;need&quot; more tax revenue, is because they are too damned stupid to function efficiently and there is NO accountability.  Most of the Government agencies would FAIL to exist if they had to be self-sustaining as any other BUSINESS must do to stay open.

The U.S. Postal Service is a prime example of a Government agency who HAD the potential to be self-sustaining without external tax revenue, but couldn&#039;t because of open market competition and better business practices by their free-market competitors.  Their poor business practices against competing private companies are what is causing them to FAIL and they would have been completely eradicated a long time ago except for being propped up by federal tax dollars at OUR expense (just ANOTHER agency &quot;too big to fail&quot;?  I say LET THEM FAIL and let me keep my money so I can spend it how I choose!).

Privatize ALL Government agencies (or make them ALL strictly supported on a volunteer-only basis) and see which ones we actually &quot;need&quot;.  It won&#039;t be many, that&#039;s for sure, and the ones that rise above the rest do so because We The People either support it by volunteering our own labor and time or we actually CHOOSE which ones to support with our dollars, not via some so-called proxy  &quot;representation&quot; of the entire constituency (what a JOKE).  The latter just leads to heavy taxation to pay for crap we would never choose to pay for/fund with our own dollars and conscience.

This may have been a decent idea taking into consideration the population of America in 1776, but this nation has WAY too many people in it now to be &quot;represented&quot; by so few at the federal level.

Today, there is no longer a similar level of representation as there was at the founding, and as such, the balance of power that once existed is now in the hands of entirely too few politicians which cannot possibly represent the constituency with any degree of accuracy.

Am I saying we need more politicians?  Scary to think, BUT if these &quot;positions of power&quot; were not paid positions but voluntary, and elected officials had to support themselves in other ways (via the private sector) than dipping their fingers in the federal tax pool, then yes, I think more politicians equalling more representation may be a good way to go.

Overall, I say, shrink Government spending while finding ways to keep it working more efficiently.

This is what any good business would do.]]></description>
		<content:encoded><![CDATA[<p>No, what the US &#8220;needs&#8221; is to reduce (and make more efficient) the always-increasing, bloated, wasteful, and corrupt government bureaucracy, reduce the need for continual higher taxes and economy-crushing deficit spending by eliminating agencies and departments that usurp powers not enumerated by our Constitution, and free up the markets from overburdening regulations that only serve to crush the entrepreneurial spirit of current and future business owners.</p>
<p>Because of Obamacare alone, I will lose over $400 a month in income (pretty much my entire above-expenses cushion) when my employer will be forced to drop my (and hundreds of other employees) hours worked below 30 so that they are not forced to waste their hard-earned (and slim) profit margins on nationalized (unconstitutional &#8212; I don&#8217;t care what those Supreme Court HACKS say) &#8220;healthcare&#8221;.</p>
<p>The only reason the Federal Government thinks they &#8220;need&#8221; more tax revenue, is because they are too damned stupid to function efficiently and there is NO accountability.  Most of the Government agencies would FAIL to exist if they had to be self-sustaining as any other BUSINESS must do to stay open.</p>
<p>The U.S. Postal Service is a prime example of a Government agency who HAD the potential to be self-sustaining without external tax revenue, but couldn&#8217;t because of open market competition and better business practices by their free-market competitors.  Their poor business practices against competing private companies are what is causing them to FAIL and they would have been completely eradicated a long time ago except for being propped up by federal tax dollars at OUR expense (just ANOTHER agency &#8220;too big to fail&#8221;?  I say LET THEM FAIL and let me keep my money so I can spend it how I choose!).</p>
<p>Privatize ALL Government agencies (or make them ALL strictly supported on a volunteer-only basis) and see which ones we actually &#8220;need&#8221;.  It won&#8217;t be many, that&#8217;s for sure, and the ones that rise above the rest do so because We The People either support it by volunteering our own labor and time or we actually CHOOSE which ones to support with our dollars, not via some so-called proxy  &#8220;representation&#8221; of the entire constituency (what a JOKE).  The latter just leads to heavy taxation to pay for crap we would never choose to pay for/fund with our own dollars and conscience.</p>
<p>This may have been a decent idea taking into consideration the population of America in 1776, but this nation has WAY too many people in it now to be &#8220;represented&#8221; by so few at the federal level.</p>
<p>Today, there is no longer a similar level of representation as there was at the founding, and as such, the balance of power that once existed is now in the hands of entirely too few politicians which cannot possibly represent the constituency with any degree of accuracy.</p>
<p>Am I saying we need more politicians?  Scary to think, BUT if these &#8220;positions of power&#8221; were not paid positions but voluntary, and elected officials had to support themselves in other ways (via the private sector) than dipping their fingers in the federal tax pool, then yes, I think more politicians equalling more representation may be a good way to go.</p>
<p>Overall, I say, shrink Government spending while finding ways to keep it working more efficiently.</p>
<p>This is what any good business would do.</p>
]]></content:encoded>
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		<title>By: &#8220;New York Times&#8221; Op-Ed Cites Bermuda &#124; Bernews.com</title>
		<link>https://bernews.com/2013/04/bermuda-cited-in-us-tax-avoidance-report/#comment-502688</link>
		<dc:creator><![CDATA[&#8220;New York Times&#8221; Op-Ed Cites Bermuda &#124; Bernews.com]]></dc:creator>
		<pubDate>Fri, 12 Apr 2013 10:38:04 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=179928#comment-502688</guid>
		<description><![CDATA[[...] form of lost tax revenues according to academic studies cited in a report from Washington&#8217;s US Public Interest Research Group  [PIRG] released last Thursday [Apr. [...]]]></description>
		<content:encoded><![CDATA[<p>[...] form of lost tax revenues according to academic studies cited in a report from Washington&#8217;s US Public Interest Research Group  [PIRG] released last Thursday [Apr. [...]</p>
]]></content:encoded>
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		<title>By: Raymond Ray</title>
		<link>https://bernews.com/2013/04/bermuda-cited-in-us-tax-avoidance-report/#comment-490612</link>
		<dc:creator><![CDATA[Raymond Ray]]></dc:creator>
		<pubDate>Sun, 07 Apr 2013 23:31:57 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=179928#comment-490612</guid>
		<description><![CDATA[I do believe that many of those complaining about &quot;overseas tax havens&quot; are also the same ones benefiting from the so called, &quot;over seas tax havens&quot; and to stop the access and the availability of such places will be like, &quot;cutting off the nose to spite the face.&quot; therefore are no-more than, &quot;U.S.A.Govnt scare tactics&quot;]]></description>
		<content:encoded><![CDATA[<p>I do believe that many of those complaining about &#8220;overseas tax havens&#8221; are also the same ones benefiting from the so called, &#8220;over seas tax havens&#8221; and to stop the access and the availability of such places will be like, &#8220;cutting off the nose to spite the face.&#8221; therefore are no-more than, &#8220;U.S.A.Govnt scare tactics&#8221;</p>
]]></content:encoded>
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	<item>
		<title>By: Building a better Bermuda</title>
		<link>https://bernews.com/2013/04/bermuda-cited-in-us-tax-avoidance-report/#comment-488457</link>
		<dc:creator><![CDATA[Building a better Bermuda]]></dc:creator>
		<pubDate>Sun, 07 Apr 2013 01:48:27 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=179928#comment-488457</guid>
		<description><![CDATA[There is caution going ahead, times are tough and we have many countries beating the drum of closing tax loopholes. To increase revenues This notion should be cautioned too. I agree that individuals hiding their monies overseas should be reigned in, but companies are another matter. If jurisdictions start closing the ability for companies to maximize their profits by decreasing their taxes, they may start finding that those companies will look to other was to do so, namely decreasing their employee base. I believe there is a similar example from about a decade ago, when Stanley looked to relocate it headquarters to Bermuda to increase their profit margin to compete in the international market and outrage by politicians put a halt to this. They called it unamerican and even got their employees to protest the choice, in the end Stanley opted to remain headquartered in the US and ended up eliminating jobs to achieve their margins.
One of the things we need to remember, the US doesn&#039;t just tax their companies on money they make in the US, but on money they make outside the US, how is that any more moral than compnies trying to avoid paying taxes on those monies, or taxing their citizens who haven&#039;t resided in the US for years.]]></description>
		<content:encoded><![CDATA[<p>There is caution going ahead, times are tough and we have many countries beating the drum of closing tax loopholes. To increase revenues This notion should be cautioned too. I agree that individuals hiding their monies overseas should be reigned in, but companies are another matter. If jurisdictions start closing the ability for companies to maximize their profits by decreasing their taxes, they may start finding that those companies will look to other was to do so, namely decreasing their employee base. I believe there is a similar example from about a decade ago, when Stanley looked to relocate it headquarters to Bermuda to increase their profit margin to compete in the international market and outrage by politicians put a halt to this. They called it unamerican and even got their employees to protest the choice, in the end Stanley opted to remain headquartered in the US and ended up eliminating jobs to achieve their margins.<br />
One of the things we need to remember, the US doesn&#8217;t just tax their companies on money they make in the US, but on money they make outside the US, how is that any more moral than compnies trying to avoid paying taxes on those monies, or taxing their citizens who haven&#8217;t resided in the US for years.</p>
]]></content:encoded>
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	<item>
		<title>By: Verbal Kint</title>
		<link>https://bernews.com/2013/04/bermuda-cited-in-us-tax-avoidance-report/#comment-488010</link>
		<dc:creator><![CDATA[Verbal Kint]]></dc:creator>
		<pubDate>Sat, 06 Apr 2013 20:46:20 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=179928#comment-488010</guid>
		<description><![CDATA[I am not alone in thinking that Bermuda has painted itself into a corner.  The prosperity built on tax advantage has been spent away and there is nothing to take the place of I.B. in the absence of that tax advantage.]]></description>
		<content:encoded><![CDATA[<p>I am not alone in thinking that Bermuda has painted itself into a corner.  The prosperity built on tax advantage has been spent away and there is nothing to take the place of I.B. in the absence of that tax advantage.</p>
]]></content:encoded>
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	<item>
		<title>By: swing voter</title>
		<link>https://bernews.com/2013/04/bermuda-cited-in-us-tax-avoidance-report/#comment-487416</link>
		<dc:creator><![CDATA[swing voter]]></dc:creator>
		<pubDate>Sat, 06 Apr 2013 15:38:56 +0000</pubDate>
		<guid isPermaLink="false">http://bernews.com/?p=179928#comment-487416</guid>
		<description><![CDATA[The US definitely need the tax revenue and the drumbeat gets louder. BDA would be wise to create another money making gimmick similar to IB very very fast]]></description>
		<content:encoded><![CDATA[<p>The US definitely need the tax revenue and the drumbeat gets louder. BDA would be wise to create another money making gimmick similar to IB very very fast</p>
]]></content:encoded>
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