Legal and Illegal Tax Evasion Wisdom or Folly Conundrum?

Is it wise or foolish and who to blame for people who invest in offshore tax shelters to avoid paying USA taxes?

There are numerous King Solomon wisdom verses to warn us to be wise about the futility of accumulating wealth because when we die, it may wind up in the hands of a fool.

Ecclesiastes 5:8-20 NLT – The Futility of Wealth – Don’t be – Bible Gateway

Sadly though, tax avoidance still serves as an attraction for those who obtain wealth by legal or illegal means, to disregard Solomon’s wisdom advice.
And as this article ending statement about the revelation of names of people recently exposed by the ‘Pandora Papers.’

“These are political leaders, monarchs, public critics, clergy, celebrities and many more who promote and legislate laws they cannot abide by in their home countries but take shelter in the underworld to satisfy their temptation.”

However, most people with vast wealth, whether they have been taught moral religious values of Jesus Christ will ignore both King Solomon and Jesus Christ teachings and disregard the following Biblical verse.

Matthew 19:23-25 23Then Jesus said to his disciples, “Truly I tell you; it is hard for someone who is rich to enter the kingdom of heaven. 24Again I tell you; it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”

Regards and goodwill blogging.

Bankalypse

The uproar about Pandora Papers has misled millions of people into believing those whose names are found in the papers must be corrupt, disloyal and marked for perdition. This belief could have stemmed from the genealogy of the Greek mythology “Pandora” which means “sealed jar of world’s evil”. Pandora Papers are product of International Consortium of Investigative Journalists (ICIJ) of over 600 journalist from 117 countries. The papers comprise about 12 million leaked records of 14 firms in tax havens. While some of the offshore investors may be criminals with looted wealth of their people, others are legitimate businessmen and women who are trying to escape from the greedy taxation system of various governments and unrealistic corporate structure.

Tax haven or shelter is a legitimate way by which the affluent legally minimize their taxes and hide their wealth in a jurisdiction where the corporate system is concealed in obscurity and…

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