Comment by overfeed
16 days ago
> I won't go into too many details, but I think it is not exactly axiomatic.
The Panama papers, the Double Irish sandwich, and the US government pressuring the EU not to tax American tech companies all say otherwise. More prosaically, the average non-resident, non-American has a much easier time registering a Delaware LLC than attempting to get an American work visa.
> It may be have been 99% accurate in the post-world war new world order, but, needless to say, that has shifted.
Trump has proposed a green-card-inspired "Gold Card" for rich Russians^w investors to skip the immigration queue. Lot's of countries have investor visa with fewer hoops to jump than work visa. I don't see this changing any time soon. If you have the capital, and hint that you're interested in investing $1M+, most countries will roll out the red carpet for you.
> As in, sure, but it is more of an expression of our wants, not an if/then scenario.
To be clear I don't want labor to be more restricted than capital.
<< The Panama papers, the Double Irish sandwich, and the US government pressuring the EU not to tax American tech companies all say otherwise.
It is an interesting argument to make. Given current efforts to reshuffle existing system, those may no longer be available. Let me ask you a hypothetical instead: if those 'ways' are gone, is it automatically a given that new ones will emerge? If yes, why? If no, why?
<< Trump has proposed a green-card-inspired
I don't want to write too much of an obvious comment, but.. how is it different from existing pre-Trump green cards sold to interested parties ( with lower price tag, but I am not asking about the price )? Is the existence of the card proof that capital has no borders or of something else? Is it inherent? I am now genuinely curious about your internal world model.
> Let me ask you a hypothetical instead: if those 'ways' are gone, is it automatically a given that new ones will emerge?
It's important to remember those were not the only ways, they just happened to have be the most effective, and became notorious because of it. Tax havens still exist, and we are still far from taxing corporate in the same stringent ways we tax individuals. The fact that governments only chipped at the edges with no systemic changes is telling.
> I don't want to write too much of an obvious comment, but.. how is it different from existing pre-Trump green cards sold to interested parties
You need to be specific about how green cards are currently sold before I can attempt to explain the difference. Further, if there is no difference IYO, then why is Trump proposing something new?
<< You need to be specific about how green cards are currently sold before I can attempt to explain the difference.
I was personally referring to EB5[1]
<< Further, if there is no difference IYO, then why is Trump proposing something new?
Eh, I have a personal theory, but that one will likely need some time to confirm. The shortest, handwavy way I can offer is politics ( and separation/differentiation from existing EB5 ), but I am open to alternative explanation.
[1]https://www.uscis.gov/working-in-the-united-states/permanent... [2]https://legalservicesincorporated.com/immigration/minimum-eb...
<< It's important to remember those were not the only ways, they just happened to have be the most effective,
True, but I am questioning how much some of this stuff will be increasingly challenging to evade. The fact that beneficial owner version in US was effectively scrapped suggests the AML regimes were getting pretty close to the issues you were referring to. And, as always, conversations within the industry players are discussing more monitoring, more data.. not less.
<< The fact that governments only chipped at the edges with no systemic changes is telling.
That is true, but it does not prove that capital has no borders ( original point of contention ).
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