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InsiderOnline Blog: October 2008

Tax Havens: A Check on Persecution

Switzerland today is renowned for its strong financial privacy laws, which some people say merely allows wealthy people to avoid paying their fair share of taxes. In the video below, however, Dan Mitchell points out that those laws have their origin in reforms made during the 1930s aimed at helping German Jews avoid financial persecution at the hands of Adolf Hitler and the Nazis.

We shouldn’t forget, says Mitchell in his latest segment on tax havens, the importance of tax havens in helping to protect the assets of dissidents and minorities living under tyrannical governments. That moral case for tax havens, he says, is every bit as important as the economic case.

Posted on 10/23/08 04:53 PM by Alex Adrianson

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