Archive for October 17th, 2012
Tax havens and the Henry Tax Review: Fair and unfair tax competition
Posted by John, October 17th, 2012 - under Tax, Tax avoidance, Tax cuts, Tax havens.
Comments: 5
There are 2 important aspects of tax havens – low or no tax and bank secrecy. Henry is about less imposition by the state on the other hostile brothers and in keeping the accumulation process which creates surplus value ticking over and running smoothly it has to reduce its taxes on capital to do so. This is the logic of tax competition – and tax havens are its ultimate expression.