Tag Archives : Tax Haven
Moral of the Story: Tax Havens Are Okay if You’re a Politically Connnected Leftist
Earlier this year, I had some fun when it was revealed that the President’s new Treasury Secretary had a lot of money in the Cayman Islands. After all, leftists want us to believe tax havens are rogue regimes that should be eliminated. Some of them even want military intervention against these low-tax jurisdictions! Much to my […]
read more...New European Data: When Tax Competition Is Weakened, Politicians Respond by Increasing Tax Rates
I often argue that we need to preserve tax competition and tax havens in order to limit the greed of the political class. Without some sort of external constraint, they will over-tax and over-spend, creating the kind of downward economic spiral already happening in some European nations. Speaking of which, new evidence from Europe bolsters […]
read more...Explaining to the Kleptocrats on Capitol Hill that Tax Havens Should Be Emulated, not Persecuted
Since I just left Monaco and am now in Geneva, this is an appropriate time to extol the virtues of so-called tax havens. But I don’t merely say nice things about low-tax jurisdictions when I’m in friendly environments. I believe in swinging my sword in the belly of the beast. That’s why I recently […]
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A Tax Haven Primer for the New York Times
I could only use 428 words, but I highlighted the main arguments for tax havens and tax competition in a “Room for Debate” piece for the New York Times. I hope that my contribution is a good addition to the powerful analysis of experts such as Allister Heath and Pierre Bessard. I started with the […]
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According to Washington Post Exposé, People Who Utilize Tax Havens Are Far More Honest than Politicians
Using data stolen from service providers in the Cook Islands and the British Virgin Islands, the Washington Post published a supposed exposé of Americans who do business in so-called tax havens. Since I’m the self-appointed defender of low-tax jurisdictions in Washington, this caught my attention. Thomas Jefferson wasn’t joking when he warned that “eternal vigilance […]
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Targeting Multinationals, the OECD Launches New Scheme to Boost the Tax Burden on Business
I’ve been very critical of the Organization for Economic Cooperation and Development. Most recently, I criticized the Paris-based bureaucracy for making the rather remarkable assertion that a value-added tax would boost growth and employment. But that’s just the tip of the iceberg. The OECD has allied itself with the nutjobs from the so-called Occupy movement […]
read more...Grilled about Cayman Investments, Jack Lew Chooses the I’m-a-Moron Defense
Every so often, you get a “teaching moment” in Washington, and we now have an excellent opportunity to educate lawmakers about the “offshore” world because President Obama’s nominee to be Treasury Secretary has been caught with his hand in the tax haven cookie jar. Mr. Lew not only invested some of his own money in […]
read more...Another Hypocritical Leftist Caught with His Hand in the Tax-Haven Cookie Jar
I’m a huge fan of so-called tax havens. I’ve been working for more than 10 years to protect and promote the values of tax competition, fiscal sovereignty, and financial privacy. The bureaucrats at the OECD even threatened to have me tossed in a Mexican jail because I was advising representatives of low-tax jurisdictions on how […]
read more...How Do You Turn a Leftist into a Warmonger?
More than four years ago, as part of my efforts to promote and protect tax competition, fiscal sovereignty, and financial privacy, I narrated this video explaining the economic benefits of so-called tax havens. Pay close attention at the 1:07 mark. Yes, you heard right. A former bureaucrat from the European Bank for Reconstruction and Development […]
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Tax Havens Like the Cayman Islands Have Better Fiscal Policy…and More Diligent Enforcement of Laws against Dirty Money and Terrorist Financing
Since I’m probably the foremost defender of tax havens in the United States, I tend to get a lot of press inquiries whenever something happens that brings attention to these low-tax jurisdictions. In recent months, almost all of the media calls have been because (gasp!) Mitt Romney engaged in sound business practices and used tax […]
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