ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
Angel Oak Tree, Charleston, South Carolina, USA
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- Written by: Kamran Mofid
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As Obama plans taxes on super-rich, Billionaire Facebook founder Eduardo Saverin 'de-friends' United States and applies to give up his US citizenship to keep more of his fortune
He found refuge, security, and opportunity in the US. He went to university in the US. He invented the technology in the US. He made his billions in the US. And when it came to pay his dues and taxes, he renounced his US Citizenship and decides to go away!
“Days shy of Facebook's stratospherically hyped stock market listing, one of the firm's bright young founders has sparked outrage after deciding to renounce his US citizenship. Eduardo Saverin, a 30-year-old entrepreneur who helped Mark Zuckerberg launch the site from a Harvard dormitory just eight years ago, appears on a list of 1,780 once-proud citizens who last year told Uncle Sam that they would like to give up their passports. The move, which emerged over the weekend, is widely regarded as a tax dodge.”
A pertinent question for all Facebook users, who have made Facebook what it is today, so unbelievably profitable, is; how should we all come together and register our disaproval of his action?
Yet another and even more important question is how do we change the global financial structure to make tax dodging far more difficult than what it is today? In addition to closing 'tax havens' and breaking down the walls of bank secrecy laws, perhaps it is time to bring back the tariff in modern form. Those who do business in a country, making investments, selling and buying products should be obligated to pay taxes in an amount related to their commercial interests in that country. Those who play in the market place in a nation should not be allowed to escape taxes levied for the common good of that nation merely by changing their citizenship or their residency.
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- How Economists Contributed to the Financial Crisis