Stephen Kinsella: Why I signed the tax haven open letter
The diversion of profits displaces economic activity and compounds economic inequality
You may not know this, but if you’ve purchased a book online, you’ve used a tax haven. Tax havens exist to allow individuals and companies pay less tax than they would otherwise pay, by arbitraging the taxation regulations of different jurisdictions. When you buy a book, the funds you pay flow through one of these tax havens.
Tax havens impose large costs on society by depriving cash-strapped governments of much-needed taxation...
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