Tuesday, August 11, 2009

Tax Havens: Myths vs. Facts

Having previously discussed the Economic Benefits, as well as the Moral Necessity of Tax Havens, and their role in creating legitimate tax competition and liberalizing economies, Dan Mitchell discusses the facts surrounding six of the biggest myths about the idea of tax havens:

1. Tax havens promote tax evasion.
2. Attacking tax havens promotes more compliance with tax laws.
3. Tax havens create higher taxes elsewhere.
4. Tax havens promote bad policy.
5. Tax havens are all rogue political regimes.
6. Tax havens promote money laundering.


1 comment:

  1. This is very interesting stuff. I found a lot of my judgments and prejudices rising up as I watched and listened so I paused and listened again. It's so easy for those of us who have struggled financially to look at people who have money, and are smart with it, in a negative way. There are some real truths here. Thanks for enlightening me.