Not everybody appreciates my defense of tax havens.
I don’t mind these threats and attacks. I figure the other side would ignore me if I wasn’t being at least somewhat effective in the battle to preserve tax competition, fiscal sovereignty, and financial privacy.
That being said, it’s definitely nice to have allies. I’ve cited Nobel laureates who support jurisdictional competition, and also shared great analysis in support of low-tax jurisdictions from top-flight financial writers such as Allister Heath and Pierre Bessard.
Now we have a new video from Sweden’s Johan Norberg. Johan’s latest contribution in his Dead Wrong series is a look at tax havens.
Johan packs an incredible amount of information in an 88-second video.
The bottom line is that tax competition and tax havens promote better policy since they discourage politicians from imposing high tax rates and double taxation.
For those who care about global prosperity, the real target should be tax hells rather than tax havens.
This is a message I will continue to deliver, whether to skeptics in the media or up on Capitol Hill.
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