3 ms·
> What are the alternatives besides something oppressive like using military power to prevent other countries from taxing their citizens too little? Dropping t
by nikitaga 6y ago
> What are the alternatives besides something oppressive like using military power to prevent other countries from taxing their citizens too little?
Dropping the dogma of free trade and free flow of capital, and taxing any transactions involving tax havens to the point where it's not profitable to use them for tax avoidance.
You can only have countries' tax systems and regulations competing in global "free market" of jurisdictions if the countries are actually free to set arbitrary tax rates and tariffs.
- lopmotr 6y agoI agree. If the US doesn't like tax havens, then the US can tax the local operations of companies that are incorporated there. No need for any hand wringing. Or maybe the US does like tax havens because they kind of keep the actual operations and money in the US which helps the economy despite a lack of tax.