Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
evil mac
-
Content Count
1 -
Joined
-
Last visited
Everything posted by evil mac
-
A few years ago in Australia we had a very famous tax minimisatio method called the Bottom of the Harbour Scheme - if you had a substantial income and were willing to participate in this scheme it made the payment of tax optional (a lot of people on substantial incomes jumped willingly on board). More and more people participated in this tax scheme and thus the Government had to close it down and how - they backdated the legislation - people screamed (the backdated penalties for participating in this scheme were 150%) but this scheme threatened the whole fabric of the tax base of the country. Why not do this when market manipulation etc. is discovered - i.e. just let it be known that the government is will backdate legislation and the legislation will include a severe penalty. Simple. Why not do it now.