Why Governments Hate It When Other Countries Have Low Taxes
26th May 2016
In most cases, investing in low-tax nations isn’t illegal; the problem for high-tax nations and those at the World Bank is that it’s getting in the way of maximum tax extractions for countries such as France. They also claim that their fight against tax competition is a fight against tax evasion. However—as we have seen after the release of the Panama Papers, which were stolen from Panama-based firms—for the most part, taxpayers are pretty honest. Politicians, not so much.