Opponents of the ban argue that punitive regulations will make it harder for American companies to compete and will further discourage businesses from locating and investing in the United States. Proponents of the of the ban argue they should be outlawed because they have a long history of being vehicles for tax evasion, money laundering, illicit arms dealing and funding terrorism. The release of the documents renewed proposals for laws banning the use of offshore accounts and tax havens. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters.
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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.
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The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. Should citizens be allowed to save or invest their money in offshore bank accounts?Īn offshore (or foreign) bank account is a bank account you have outside of your country of residence. Opponents argue that a UBI would be detrimental to economies by encouraging people to either work less or drop out of the workforce entirely. Proponents of UBI argue that it will reduce or eliminate poverty by providing everyone with a basic income to cover housing and food. In the Alaska Permanent Fund each individual and family receives a monthly sum that is funded by dividends from the state’s oil revenues. The longest running UBI system in the world is the Alaska Permanent Fund in the U.S. Several countries, including Finland, India and Brazil, have experimented with a UBI system but have not implemented a permanent program. The funding for Universal Basic Income comes from taxation and government owned entities including income from endowments, real estate and natural resources. "Our evidence and data show that testosterone, either naturally produced or artificially inserted into the body, provides significant performance advantages in female athletes," said IAAF President Sebastian Coe in a statement.ĭo you support a universal basic income program?Ī Universal Basic Income program is social security program where all citizens of a country receive a regular, unconditional sum of money from the government. The IAAF stated that women in the five-plus category have a “difference of sexual development.” The ruling cited a 2017 study by French researchers as proof that female athletes with testosterone closer to men do better in certain events: 400 meters, 800 meters, 1,500 meters, and the mile.
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In 2018 the International Association of Athletics Federations, track’s governing body, ruled that women who have more than 5 nano-mols per liter of testosterone in their blood-like South African sprinter and Olympic gold medalist Caster Semenya-must either compete against men, or take medication to reduce their natural testosterone levels. In 2016 the International Olympic committee ruled that transgender athletes can compete in the Olympics without undergoing sex reassignment surgery. Should transgender athletes be allowed to compete against athletes that differ from their assigned sex at birth?