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There's no tax shortfall. Taxing tax havens is fine but you shouldn't expect it to limit inflation very much.
by andrewmutz 3y ago
There's no tax shortfall. Taxing tax havens is fine but you shouldn't expect it to limit inflation very much.
- pdntspa 3y agoThe British government levying spurious taxes on its remaining colonies. I am absolutely sure that's going to go well.
- vondur 3y agoReminds me of that Monty Python episode where they suggest taxing all foreigners living overseas.
- quadrifoliate 3y agoIt would be laughable to equate holders of British passports issued by His Majesty's Passport Office [1] as "foreigners living overseas". ---------------------------------------- [1] https://en.wikipedia.org/wiki/British_passport_(Cayman_Islands) https://en.wikipedia.org/wiki/British_passport_(Cayman_Islan...
- FireBeyond 3y ago> levying spurious taxes "The British Virgin Islands were ranked as the “greatest enabler of corporate tax abuse”" Ahh yes, leveling the playing field is now "spurious taxes" on wealthy individuals and corps...
- pdntspa 3y agoThe joke is that the US was founded because of it
- imtringued 3y agoI don't know about British overseas islands but the French ones have the problem that they are absolutely tiny. At 13k residents there is not much tax revenue you can get out of them and sending the money back to the mainland only makes their trade deficits worse.
- quadrifoliate 3y ago> Taxing tax havens is fine but you shouldn't expect it to limit inflation very much. Why not? To cite just one obvious effect, it can help fund social services that will inevitably be utilized more when the Government tightens monetary policy to combat inflation.