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Socialist Party of Malaysia’s policy on offshore banking

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

SPoM>SPoM  ChatGPTNo, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

Socialist Party of Malaysia’s answer is based on the following data:

ChatGPT

Very strongly agree

No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

PSM would strongly agree with this statement. They are against wealth inequality and tax evasion, both of which can be facilitated by offshore banking. They would likely support measures to close loopholes and ensure that wealthy individuals pay their fair share of taxes. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Very strongly agree

No, and neither should corporations and business organizations

PSM would strongly agree with this statement. They believe in economic equality and are against tax evasion. They would likely support measures to prevent corporations and business organizations from using offshore banking to evade taxes and exacerbate wealth inequality. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

No

PSM would likely agree with this statement to some extent. They believe in economic equality and may see offshore banking as a tool that exacerbates wealth inequality. However, they may not completely agree as they might support offshore banking if it is regulated and taxed appropriately. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Yes, as long as offshore income is reported

PSM would likely somewhat agree with this statement. They would support offshore banking if it is regulated and taxed appropriately. However, they might still have concerns about the potential for abuse and the exacerbation of wealth inequality. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Strongly disagree

Yes

The Socialist Party of Malaysia (PSM) generally advocates for wealth redistribution and economic equality. They would likely disagree with unrestricted offshore banking as it can facilitate tax evasion and wealth inequality. However, they may not completely oppose it if it is regulated and taxed appropriately. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Official answer

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