Wimbledon champion Kvitova faces storm over Monaco tax haven
- Thread starter Gonzo_style
- Start date
Adressed in my next post:
Kvitova pays taxes on the money she makes in her own country. With her move to Monaco, the money she earns overseas cannot be taxed.
Bhagi Katbamna
Legend
Franky, she would probably do better with her money if she donated it to some charity in her home country.
That's what Djoker does.
AtomicForehand
Hall of Fame
But morally it should be, since she owes her support to the country that produced her.
That's why it's a dooshbag move, no matter how "legal."
I know a lot of the selfish Republican types have trouble grasping the concept of "society" though.
eelhc
Hall of Fame
Do you know this for a fact? How much hand the Czech republic did indeed have in producing her and helping making her who she is today?
Not really. It's daylight robbery. There's nothing immoral about looking out for yourself.
Imagine...
You win $100,000 in France, this money gets taxed locally (let's say 50%), you end up with $50.000
Then you come back to your own country and you are taxed another 50% (just as an example)
So bascially it's a double tax and very unfair. Living in Monaco, allows you to circumvent the additional 50% tax so you ONLY get taxed locally - which is FAIR, since you're playing in that country.
Once again, Kvitova DOES pay taxes on the money she makes in her own country (which is quite a bit I'd imagine and will only go up after her second Wimbledon title). So she IS contributing. Not to mention she's also putting her country on world stage as tennis power, playing in FedCup and encouraging kids in her country to play tennis by seeing her win big titles.
It's a non story really. A digusting attempt by politician to attract attention to himself and for media to blow this out of proportions.
AtomicForehand
Hall of Fame
Sorry, but your question is idiotic.
Sander001
Hall of Fame
Monaco is a sovereign nation which has no income tax. So what're you proposing, invade the country and force them to change their laws? Conquer them outright?
Bhagi Katbamna
Legend
Leftists don't care what anyone does, as long as it is mandatory.
Bartelby
Bionic Poster
AtomicForehand
Hall of Fame
Oh, poor you...so unfair! You people are such big frickin' babies. You think selfishness is actually a VIRTUE, when it is right up there with the ugliest traits in humanity.
Don't worry--the world sees you for what you are.
So in other words, you have no argument and resort to personal attacks. Gotcha. :neutral:
Bartelby
Bionic Poster
I hate to inform people with regard to certain facts, but you pay tax on income and capital usually where you earn it.
Income earned and taxed overseas is not usually taxed again, but if you earn more income on that repatriated income - bank interest is a simple example - you'll usually be taxed on that.
Income earned and taxed overseas is not usually taxed again, but if you earn more income on that repatriated income - bank interest is a simple example - you'll usually be taxed on that.
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Bartelby
Bionic Poster
So Kvitova will take all the money she's earned, and paid taxes on in the countries she's earned it, back to Monaco where she'll make more money or turn it into capital to make more money and because it has no taxes she's better off than staying in the Czech Republic.
The only time she needs to pay the Czech Government anything is on money, property or capital kept in the country.
The only time she needs to pay the Czech Government anything is on money, property or capital kept in the country.
AtomicForehand
Hall of Fame
That *is* the argument--that this behavior is immoral. If you feel that is a "personal" attack, go ahead and feel it.
AtomicForehand
Hall of Fame
You really don't have a clue as to how civilization works, do you?
Bhagi Katbamna
Legend
Thank goodness. The way to remedy this is not to spread the misery and get rid of tax havens but to reduce corporate taxes locally. That way, the corporations can repatriate the funds and use them to give dividends(which are taxed) or create jobs(which increase the tax base).
Bhagi Katbamna
Legend
Civilization here was just fine the first 100 years of the US when there was no federal income tax.
bjsnider
Hall of Fame
Yes, but the US couldn't afford the welfare-warfare state, and all its spiffy aspects, so I don't understand your point. Where would we all be if politicians didn't have enough money to kill us all?
It is the thing that is 1000 times better than Socialism/Communism/Marxism.
you seem to think ENVY is also a virtue and justification for taking what other people have worked for.
Nobody owes you anything. Go out and stake your claim.
tacou
G.O.A.T.
Uhh yeah I do. I pay my taxes. However, I don't dedicate my life to a grueling physical pursuit that requires constant global travel. She decided she wants to keep her $$ and went to Monaco. If the Czech people want to reject her, so be it. I don't see anything wrong with what she has done...it's not like she's ever around to enjoy the nation's public transport, parks+rec, etc.
Sander001
Hall of Fame
Chico
Banned
LOL. How can people be so clueless? There was a wild west and people ruled by their guns. You needed to shoot people to stay alive. That is no civilization.
I don't want to go back to 19th century. I hope civilization advanced a bit since then.
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bjsnider
Hall of Fame
People still rule by guns. We call them "politicians". If you don't do what they say, they will have you shot.
Vanhool
Hall of Fame
where do you live?I have no clue what this means
LOL. You must be a leftist
eelhc
Hall of Fame
So no facts... just mindless political/social dribble...
One has a moral obligation to help the less fortunate. Paying taxes is a legal obligation (who know how many trillions of tax dollars have been spent on weapons to destroy mankind).
esgee48
G.O.A.T.
It's her money and she can live where she wants to live unless you think she has a moral obligation to live in a place that has high tax rates. If so, the logic is convoluted. You and she can certainly avoid paying taxes legally. That is what she is doing. To say that avoiding taxes legally is morally wrong is sort of silly. Ask any tax attorney or the IRS. They will tell you to pay the least tax you can legally.
eelhc
Hall of Fame
Exactly... and there are much better ways to help out one's countrymen and the less fortunate than to pay taxes that one could avoid. I haven't run into a noble and honest government yet. I have run into businesses and charities that are however...
DRII
G.O.A.T.
nothing is free
but you have no problem with the wealthy taking advantage of 0% tax havens
sure thing...
jm1980
Talk Tennis Guru
Those who think welfare is a waste of money need to go to countries where welfare is deficient to understand why it's needed. And if you think the poor are selfish, you probably don't understand what it means to be poor. Not everyone is born with a silver spoon in their mouth.
It's within Kvitova's rights to do what she did, but the criticism she is receiving is well deserved.
It's within Kvitova's rights to do what she did, but the criticism she is receiving is well deserved.
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Sander001
Hall of Fame
Bhagi Katbamna
Legend
There were a lot less murders and shootings in the "wild" west than you think.
http://www.independent.org/publications/tir/article.asp?a=803
http://perc.org/articles/old-west-violence-mostly-myth
Don't believe everything you see on TV(esp. westerns).
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OrangePower
Legend
Each government sets its own rules on this.
The United States for example taxes all earnings of its citizens, regardless of where the income was generated. So a US citizen resident in Monaco would still have to pay US tax on foreign earnings. You would get a US tax credit for any foreign tax already paid (but since Monaco does not tax income that credit in this case is zero). Basically a US citizen cannot avoid tax on foreign earnings the way European athletes do, unless willing to give up US citizenship completely.
Interesting, isn't it, considering some of the rants in this thread against capitalism in general and US income disparity in particular. Because at least in this example, the capitalist US tax system is more progressive than that of European countries.
Back to Kvitova and Czech tax, if the Czech government has issues with athletes claiming Monaco residency to avoid Czech tax, then don't blame the athletes; all they need to do is require citizens to pay Czech tax on all income regardless of where it was generated, same as the good old USA.
DRII
G.O.A.T.
sure
you're one of the types who would claim that Black Americans were better off as slaves in the U.S. because at least their families were intact and there wasn't as many black children born out of wedlock.
pure delusion...
SublimeTennis
Professional
Good for her!! Tired of over bloated bureaucratic governments raping their citizens. Most people have no clue that most of their tax money paid is a complete waste.
SublimeTennis
Professional
What country do you see free market capitalism? Certainly not the US. We haven't had a free market since before 1913. What you see today is NOT free market capitalism.
Citizens need to demand an end to all income taxes. Countries operated perfectly well before taxes on income came into law (A relatively recent event)
SublimeTennis
Professional
"That's not bad"? See how people have been brainwashed by their countries?
"Multiple benefits they received from their country"? People don't realize that governments have NO MONEY. The money they receive is at least in the US borrowing, printing, import and excise, and taking money from citizens income.
It's the COUNTRY who has received BENEFITS from it's citizens, you got it backwards. It's like when Obama said "If you own a business, you didn't build that". He explained that the roads and other things the FG provides it what made it possible for them. What he and many don't understand is that the roads and bridges were originally paid for by it's CITIZENS. Again, the FG has no products to sell, is not a business, doesn't make any money aside from stealing it from it's citizens.
SublimeTennis
Professional
Pay the bills? What bills? Do you mean the US FG losing, that is unaccounted for half a billion dollars as far as they can tell? Pay for a over bloated unnecessary government? Pay one billion dollars a year for "maintenance of our embassy in Iraq" and other equally wonderful "Bills"?
It's a FACT, and I'm sure you will disagree with facts, but a across the board 5% tax on every US citizens income would generate more income for the treasury than the high taxes we see today. Those that are at the highest level never pay it because of loopholes, it's a joke.
SublimeTennis
Professional
Who paid for that infrastructure? I can't believe how stupid people are.
People actually go out and vote to have their Government control them.
If people would actually STUDY and find out how things work the world would be a rich and wonderful place, but no people with zero information but the ability to vote must abide with us and ruin it for everyone.
SublimeTennis
Professional
Society is not something that can be bought or forced, that's called fascism.
What's moral is for people who work to keep the fruits of their labor, not give it to overblown bureaucrats who ruin their countries.
When will people ever learn that liberalism doesn't work, ever? Greece, bankrupt and ruining it for everyone else. Spain, on it's way, selfish and ruining it for everyone else.
Look at FACTS. Liberal states and cities, California, liberal and bankrupt. Chicago, Liberal and bankrupt, Michigan, Liberal and bankrupt, Texas, extremely conservative and thriving, everyone's leaving their liberal states to move to Texas as are businesses.
Look at New York State. They raise taxes, and collect less because many left. What are they doing now? They are running television ads daily claiming the NY is a great place to do business, why? They are offering a 10 year tax holiday! So for NY to survive, against what they believe, are being forced to offer a conservative norm, low to no taxes.
There is not ONE example of a liberal government working, ever. On the other hand there is not one example of a conservative government NOT working.
Wake up people, put aside your emotions and use your head, you are destroying your countries and yourself, and that IS heartless.
Chico
Banned
LOL Typical conservative fact twisting. "As long as we all have guns we can all protect ourselves. We don't need government, we don't need roads, we don't need education, we don't need health care, we are going to educate ourselves at home, we are going to cure ourselves as well".
Sorry but that is not civilized society. I do not want to go back to 19th century, or even worse to middle age as you propose.
SublimeTennis
Professional
Typical diverting from the issues, I didn't say ONE of those stereotypes you talked about.
Instead of changing the subject, why don't you try to answer what I wrote??? Reason is you can't argue with facts.
Chico
Banned
Ridiculous and not true.
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