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The Spectator's Notes

Hate tax havens? Try imagining a world without them

Also in The Spectator’s Notes: sheep; the smell of spring; my nephew’s art; FGM

9 April 2016

9:00 AM

9 April 2016

9:00 AM

However wicked tax evasion is and however distasteful some tax avoidance may be, people should imagine a world without tax havens and see if they really want it. The prime reason that tax havens exist is that taxes in most countries are too high. If they did not exist, the competitive element would be reduced, and taxes would go up even more.

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