Lower the tax rates in the US and Europe and much of the problem goes away. High tax rates are the incentive to hide money.
Nope, not true IMO. The rich ***** will ALEAYS try to avoid taxes, no matter how low they are.
Have a look at Amazon, just as an example, they were able to negotiate a 0.9% tax rate in Luxembourg for their european ops. Still they undercut pay rates etc.
In the EU, we need to get rid of the tax havens. That Ireland, Netherlands, Malta and Luxembourg for starters.
And any politician granting them special rates (such as a certain Mr. Juncker) need to go to jail and the key on that cell needs to be thrown away.
BIG TIME: