Relying on the exceptionally thin cover that an action is technically not illegal because it's in conformance with the laws you've paid to have written and passed with the wealth you're hoarding by way of those very laws is not a very intelligent line of reasoning to pursue.
The art of legal and financial manipulation to socialize losses, privatize profits, to artificially move transactions to jurisdictions with favorable tax laws, and then lobby for eventual tax holidays to allow for tax-free repatriation of those funds may fall within the techncial gloss of "legal". It's not moral, ethical, fair, nor economically or democratically defensible.
Self-reply: Having watched votes on this comment bounce around quite a bit over the past few hours, I'm curious as to just what it is that seems to engender a fairly strong split of opinion on what I've written here.
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Relying on the exceptionally thin cover that an action is technically not illegal because it's in conformance with the laws you've paid to have written and passed with the wealth you're hoarding by way of those very laws is not a very intelligent line of reasoning to pursue.
The art of legal and financial manipulation to socialize losses, privatize profits, to artificially move transactions to jurisdictions with favorable tax laws, and then lobby for eventual tax holidays to allow for tax-free repatriation of those funds may fall within the techncial gloss of "legal". It's not moral, ethical, fair, nor economically or democratically defensible.
Self-reply: Having watched votes on this comment bounce around quite a bit over the past few hours, I'm curious as to just what it is that seems to engender a fairly strong split of opinion on what I've written here.