@ISIDEWITHQuestionseconomy9yrs ago

Should citizens be allowed to save or invest their money in offshore bank accounts?

Should Portuguese citizens be allowed to save or invest their money in offshore bank accounts?

An offshore (or foreign) bank account is a bank account you have outside of your country of residence. The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. In April 2016, Wikileaks released 11.5 million confidential documents, known as the Panama Papers, which provided detailed information on 214,000 offshore companies serviced by the Panamanian Law Firm, Mossack Fonesca. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters. The…  

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Response rates from 4.9k Portugal voters.

43%
Yes
57%
No
28%
Yes
49%
No
16%
Yes, as long as offshore income is reported
5%
No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes
2%
No, and neither should corporations and business organizations

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 @ISIDEWITH submitted…1mo1MO

Starmer Throws Netanyahu Under the ICC Bus: UK Backs Arrest Warrant for Israeli PM

Sir Keir Starmer has backed the International Criminal Court (ICC) after it issued an arrest warrant for Benjamin Netanyahu, the Israeli prime minister.When asked about the issue, Sir Keir’s official spokesman said the Government respected the independence of the court.He declined to say whether Mr Netanyahu would be arrested if he arrived in the UK.The spokesman said: “We respect the independence of the ICC, which is the primary institutional institution for investigating and prosecuting the most serious crimes in relation to international law.“This Government has been clear that Israel has a right to defend itself in accordance with international law. There is no moral equivalence between Israel, a democracy and Hamas and Lebanese Hezbollah, which are terror groups.“We remain focused on pushing for an immediate ceasefire to bring an end to the devastating violence in Gaza.”Under the Conservatives, the British government had told the court it intended to challenge the plans for the arrest warrants.However, weeks after coming to power, Sir Keir’s government reversed that position and said it would not object.Downing Street also declined to say whether Mr Netanyahu would be welcome to visit Britain in the future.Sir Keir’s spokesman said: “We never comment on future international visits but my position on the Prime Minister’s support for Israel in terms of its right to defend itself in accordance with international law is very clear.”The spokesman repeatedly declined to “go into hypotheticals” about whether Mr Netanyahu would be arrested if he arrived in the UK.He added: “It’s not up to the Prime Minister to determine other world leaders’ travel schedules. He engages and will continue to engage with the prime minister of Israel in support of Israel’s right to defend itself.”Pressed on what he meant by his comments about the court, the spokesman said: “It means that we respect the independence of the ICC. We respect the fact that the ICC is the primary international institution for investigating and prosecuting the most serious crimes of international concern.”The spokesman went on to say the Government’s “focus” remained an end to the violence in the Middle East, which has been ongoing for more than a year after the Oct 7 terror attacks by Hamas.

▲  148 replies

 @ISIDEWITH submitted…2mos2MO

No One’s Safe: Trump’s ‘Border Czar’ Homan Promises Sweeping Deportation Operation

TOM COTTON is slated to be the chair of the Senate Intelligence Committee, putting “I think mass deportation is just talk, but the era of open borders will be over,” Scott McConnell, a co-founder of The American Conservative, wrote on X. In July a Mexican-born Trump backer told The Times, “Last time, he didn’t even finish the wall. What’s he going to do this time?”Now the answer is taking shape: He’s going to oversee a militarized mass roundup of the undocumented. On Sunday, Trump named Tom Homan, his former acting director of Immigration and Customs Enforcement, as “border czar.”In a speech to this year’s National Conservatism Conference, Homan, who oversaw Trump’s family separation policy, promised a “historic deportation operation” from which no undocumented immigrant would be safe. “No one’s off the table in the next administration,” he said. “If you’re here illegally, you better be looking over your shoulder.”Then, on Monday, Trump named the obsessively anti-immigrant Stephen Miller as his deputy chief of staff. Miller’s portfolio, Maggie Haberman and Jonathan Swan reported in The Times, “is expected to be vast and to far exceed what the eventual title will convey.” Miller has been forthright about his desire to purge immigrants here illegally, as well as many here legally, from the United States.Among other things, Miller has said that Trump would cancel the temporary protected status of thousands of Afghans who fled here after the Taliban’s takeover and take another stab at ending DACA, the program that protects from deportation some immigrants brought to the United States as children.Most significantly, he’s laid out plans to use National Guard troops to help arrest migrants en masse, warehousing them in military camps while they await deportation. No one should be shocked when this happens. I suspect some will be anyway.

▲  2811 replies

 @ISIDEWITH submitted…1mo1MO

Biden will issue a pardon of his son Hunter Biden

President Joe Biden has decided to issue a pardon for his son Hunter and is expected to announce it Sunday night, according to a senior White House official with direct knowledge of the decision.The decision marks a reversal for the president, who has repeatedly said he would not use his executive authority to pardon his son or commute his sentence. The pardon comes ahead of Hunter Biden’s Dec. 12 sentencing for his conviction on federal gun charges. Hunter Biden also is set to be sentenced in a separate criminal case on Dec. 16, after pleading guilty in September on federal tax evasion charges.The pardon is expected to cover both Hunter Biden’s gun charges conviction and guilty plea.The senior White House official said Biden decided over this weekend to grant his son a pardon and began to inform his senior aides on Sunday. Using his pardon power to assure Hunter Biden does not spend time in jail comes as the 82-year-old president is near the end of his term in the White House and has no future election to face. In recent months Biden has said he would not pardon his son or commute his sentence.“I will not pardon him,” the president said of his son in June after a jury found him guilty on three federal gun charges.President Biden has discussed issuing a pardon for his son with some of his closest aides since at least Hunter Biden’s conviction in June, two people with direct knowledge of the discussions about the matter said. They said a decision was made at the time for the president to publicly say he would not pardon his son even though doing so remained on the table.White House press secretary Karine Jean-Pierre told reporters earlier this month that the president’s position has not changed.

▲  1713 replies

 @ISIDEWITH submitted…2wks2W

Defense Bill Blocks Transgender Care To Minors

The Senate on Wednesday gave final approval to a defense policy bill directing $895 billion toward the Pentagon and other military activities, moving over the objections of some Democrats who opposed a provision added late in the negotiations that would deny coverage for transgender health procedures for minors.The 85-to-14 vote, coming a week after a divided House passed the same measure, cleared the bill for President Biden’s signature.Most Republicans and many Democrats supported the measure, which provides a 14.5 percent pay raise to junior enlisted service members and a 4.5 percent pay raise for all other service members. It also expands access to meal assistance, housing and child care programs that benefit those in uniform.But several Democrats withheld their backing in protest of a provision preventing TRICARE, the military’s health care plan for service members, from covering “medical interventions for the treatment of gender dysphoria that could result in sterilization” for children under 18.The language, which would affect the gender-transitioning children of service members, was recently added to the measure at the insistence of Speaker Mike Johnson, Republican of Louisiana, who refused to bring a defense bill to the House floor without it, according to aides familiar with the negotiations.Twenty-one Democrats, led by Senator Tammy Baldwin of Wisconsin, proposed an amendment to strip the provision from the bill, but the matter was never brought to a vote. Several of them took to the floor on Tuesday to lodge their objections.“It’s flat-out wrong to put this provision in this bill and take away a service member’s freedom to make that decision for their families,” Ms. Baldwin said, estimating that the provision could negatively affect as many as 6,000 to 7,000 military families.

▲  2016 replies3 agree