2 ms·
I am not sure how and why everyone is ignoring the elephant in the room here. These laws are being "forced" by different "international" organizations at pretty
by csomar 3y ago
I am not sure how and why everyone is ignoring the elephant in the room here. These laws are being "forced" by different "international" organizations at pretty much every country (except partially China and countries like Iran and North Korea that don't give a damn). Many countries could make money accepting financial refugees. That's how Hong Kong and Singapore built their wealth city states (good governance was just a part of it).
Even if we are being moralistic and transparent; for some countries, being tax-free is their only competitive advantage. Instead we are now to assume that tax-free jurisdictions are evil and should be abolished. Might as well just restart colonialism; at least colonial countries got to be part of the big trade.
- Shaanie 3y agoTax havens is a race-to-the-bottom thing, just like not caring about emissions. Or using slaves, if you want a more extreme example. If your country's only advantage is to steal tax money from other countries, or provide cheap energy by burning coal, or cheap labor by using slaves, then it's perfectly fine to isolate that country to force it to stop. We obviously shouldn't just accept that everyone is worse off just so that a country with no other advantage can thrive.
- kloop 3y ago> If your country's only advantage is to steal tax money Your assumption seems to be that countries have a right to someone's productivity even after they emigrate elsewhere. Care to actually defend this point?
- yencabulator 3y agoHow many people mentioned in the Panama Papers actually live in Panama?