> as part of an arrangement that allows it to reduce its foreign tax bill What this article and most of the discussion misses is that many of these tax havens

> as part of an arrangement that allows it to reduce its foreign tax bill What this article and most of the discussion misses is that many of these tax havens are just better for business in ways that have nothing to do with taxes As the article alluded to: PART of an arrangement You have a catalogue of Cantonal systems, Confederacies, Federations where you can incorporate at the country level or an obscure state’s level (the US has no way to incorporate at the federal level), Segregated Portfolio Companies decades before similar entities were offered in more respected jurisdictions, useful Trust laws with no supranational government undermining them, useful information protection laws with no supranational government undermining them, and thats before we even touch on banking and brokerage services and free trade agreements The ability to offer these without levying a lazy passive tax for the privilege or “protection” is just icing on the cake