The situation in the United States and England
Posted: Thu Jan 23, 2025 3:23 am
“BANDOT, who exhausts the subject in his book “The Economic and Financial Consequences of Bearer Bond Suppression”, does not give much importance to the argument. In his extensive comments on the debates on the subject, he notes that none of those defending the argument has presented any statistics on the amount of fraud. Only numbers could convince us of the serious need to suppress bearer bonds. The eminent commercialist writes:
“It has been said and repeated that this fraud must be sms gateway taiwan considerable, but none of those who have affirmed it have, up to now, presented precise figures.” 20
In turn, JM OTHON SIDOU points out:
“There is nothing impractical for tax purposes about the individualization of bearer shares; on the contrary, it is quite easy. We will simply translate EINAUDI’s words: Any corporation shall be obliged to pay the full dividend, in its entirety, whenever the holder of the title presents, together with the title coupon, a form signed by the Treasury Department, attesting that the taxpayer has already declared to the tax authority the quality and quantity of the shares or titles owned by him, specifying the series and precise numbers for their identification” (LUIGI EINAUDI “Princípios de hacienda pública”, page 292).
“It is regrettable how certain public figures among us invest in a slippery financial sector without paying enough attention to the example of other peoples. Either they turn a blind eye to these examples and are content to reason that we will become an exception, or they ignore them completely, which is quite compromising.”
“It has been said and repeated that this fraud must be sms gateway taiwan considerable, but none of those who have affirmed it have, up to now, presented precise figures.” 20
In turn, JM OTHON SIDOU points out:
“There is nothing impractical for tax purposes about the individualization of bearer shares; on the contrary, it is quite easy. We will simply translate EINAUDI’s words: Any corporation shall be obliged to pay the full dividend, in its entirety, whenever the holder of the title presents, together with the title coupon, a form signed by the Treasury Department, attesting that the taxpayer has already declared to the tax authority the quality and quantity of the shares or titles owned by him, specifying the series and precise numbers for their identification” (LUIGI EINAUDI “Princípios de hacienda pública”, page 292).
“It is regrettable how certain public figures among us invest in a slippery financial sector without paying enough attention to the example of other peoples. Either they turn a blind eye to these examples and are content to reason that we will become an exception, or they ignore them completely, which is quite compromising.”