3 ms·
> banning UK nationals from having anything to do with companies in tax havens at all What if I buy a few shares in a publicly traded overseas company, and tha
by rdancer 10y ago
> banning UK nationals from having anything to do with companies in tax havens at all
What if I buy a few shares in a publicly traded overseas company, and that company in turn buys a few shares of a company based in a tax haven? Short of making the UK an insular economy, this is not going to happen.
My take would be that the ease of setting up a business in the UK is a great thing for the business people, the general public, and the economy. It is sad that people end up with debts that will never be repaid when a company folds, but without the institution, there would be much lesser chance of a cheap product, gainful employment, or profit in the first place. When a company shields criminal activity, the courts readily bring the people behind it to justice, as the fine article itself mentions. The only going concern seem to be the undertaxation stories repeatedly reported in the press — good rage fodder for the financially illiterate, but they never hold much water under scrutiny.