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The small island nation as tax haven is more of a stereotype than an absolute truth. If you look at it objectively, most observers say the US is either the big
by tomatocracy 8y ago
The small island nation as tax haven is more of a stereotype than an absolute truth.
If you look at it objectively, most observers say the US is either the biggest or second biggest tax haven in the world.
Eg see this article https://www.bloomberg.com/news/articles/2018-01-30/u-s-seen-as-world-s-second-biggest-tax-haven-after-switzerland https://www.bloomberg.com/news/articles/2018-01-30/u-s-seen-...
- stakhanov 8y agoThe article you linked to requires login, so it's difficult for me to comment on what's written there. -- The viewpoint I'm coming from is this: Go to https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates Sort by corporate tax rate. Look at the ones that say 0%. Notice how many of them are island nations. The list goes Anguilla, Bahamas, Bahrain, Bermuda, Cayman Islands, ...
- JeanMarcS 8y agoI think it’s because it combines 2 factors. First, those islands hadn’t other ressources to sell. So to attract money in their banks they started no tax laws And then it’s a nice place to spend a couple of days since they build hotels with the money they won on getting the no tax regulation.