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To add to the other Greece Breaking News story (Greece Defaults, Still Wants Bailout)....
The Ars Writes:
Thom Feeney, a London shoe shop worker who started a campaign to raise €1.6 billion (that's US $1.78 billion). Feeney's IndieGoGo campaign, started just two days ago, has already raised an astonishing €478,575 (or $533,010) from more than 30,000 people.
"All this dithering over Greece is getting boring," Feeney wrote on his IndieGoGo page. "Why don't we the people just sort it instead?" He added that to come up with the €1.6 billion, every member of Europe would only have to give €3 each (well, technically you'd only need to collect from members of the European Union; that's not even counting any potentially generous Swiss or Norwegian people.)
The campaign has six days left to raise money. If €1.6 billion isn't raised, all the donors will get back their money.
This afternoon, the International Monetary Fund (IMF) declared that Greece was officially in arrears, but it has not yet declared that Greece is in default. Technically, the IMF could offer Greece an extension of its debt repayment obligation. On July 5, the country will hold a national referendum on whether to sign a deal demanding even stricter austerity from the nation.
But, if Europeans all chip in, maybe we can just put this silly bailout business behind us.
Original Submission
(Score: 0) by Anonymous Coward on Thursday July 02 2015, @01:55PM
Avoidance ≠ Evasion with regards to taxes
(Score: 0) by Anonymous Coward on Thursday July 02 2015, @03:15PM
Avoidance: the act of avoiding
Evasion: to avoid doing
Avoidance != Evasion ... An interesting theory you have there...
(Score: 0) by Anonymous Coward on Thursday July 02 2015, @03:58PM
Here's what the IRS says about it. [irs.gov]
(Score: 0) by Anonymous Coward on Thursday July 02 2015, @05:27PM
You're being a pedant...
My point is that the net result of either is that no taxes are paid that are due/expected. One is 'legal' (but immoral) the other one is illegal (and immoral)
(Score: 2) by Tork on Thursday July 02 2015, @07:12PM
🏳️🌈 Proud Ally 🏳️🌈
(Score: 3, Insightful) by K_benzoate on Thursday July 02 2015, @03:36PM
From what I can tell, criminal tax evasion is when the poor and the middle class do it. When you're rich enough to hire lobbyists to rewrite the tax code in your favor, that's mere tax avoidance--a proud and perfectly legal American tradition!
Climate change is real and primarily caused by human activity.