Estimated cost of tax evasion per year to the Federal gov is 450B.
Can I ask you to examine the apparent assumption here—that the $450B is all loss? Have you considered the possibility that the people who avoided the tax put the money to good use? Or that the government would not put that money to good use if it took it?
A major way of avoiding tax is to keep money offshore. … so what can you usefully do with money while it is resting in an account in the Cayman islands?
Can I ask you to examine the apparent assumption here—that the $450B is all loss? Have you considered the possibility that the people who avoided the tax put the money to good use? Or that the government would not put that money to good use if it took it?
A major way of avoiding tax is to keep money offshore. … so what can you usefully do with money while it is resting in an account in the Cayman islands?