The Pandora Papers or the Panama Papers or the Paradise Papers had confirmed what I had learnt for a long time, that rich people have legal ways to avoid paying taxes. This means when governments said they will increase tax, what they are really saying is we will increase tax for the poor and middle income people. There are always ways for the rich to avoid paying taxes legally. The poor and middle income people do not have access to these, but thanks to Bitcoin Cash, now you have access to protect your own cash like the rich people do. This helps create an equal playing field and that's great!
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3 comments
That's the beauty of Bitcoin Cash! And as unstoppable as it seems it will face the danger of government's laws precisely because of this! I really hope that the concept by itself will avoid major damage to it, at least in a long race. Thanks for sharing
This is so true. The truth is the tax avoiders can't do that just to keep all that money to themselves. They're just accomplices
Pandora papers has leaked 12 million documents.