Tax havens are something that should be applauded, not persecuted.
What we’re seeing throughout the world today are international bureaucracies and politicians from high-tax nations launching a very coordinated attack against these jurisdictions.
In effect, what’s happening is that the high-tax nations of the world want to set up something equivalent to OPEC. But instead of a cartel to keep energy prices high on behalf of oil producing countries, it’s an effort by politicians in high-tax nations to create a cartel that will keep taxes high.
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October 6th, 2014
A Primer on Tax Havens
Image by © Dreamstime
by Dan Mitchell
Tax havens are something that should be applauded, not persecuted.
What we’re seeing throughout the world today are international bureaucracies and politicians from high-tax nations launching a very coordinated attack against these jurisdictions.
In effect, what’s happening is that the high-tax nations of the world want to set up something equivalent to OPEC. But instead of a cartel to keep energy prices high on behalf of oil producing countries, it’s an effort by politicians in high-tax nations to create a cartel that will keep taxes high.
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The views expressed on austriancenter.com are not necessarily those of the Austrian Economics Center.
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