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InsiderOnline Blog: December 2008

Myths About “Tax Havens”

“Tax havens” are often painted as shady, ill-governed jurisdictions that allow scofflaws and criminals to avoid taxation. Critics further claim that tax havens lead to higher taxes on honest citizens and distorted economies. In his latest video, Cato’s Dan Mitchell argues that these ideas are a set of myths created by politicians and bureaucrats who fear that the existence of low-tax jurisdictions will make it difficult for them to maintain higher tax rates in their own jurisdictions. In other words, they don’t want tax competition. Watch to see the myths debunked:

Posted on 12/02/08 10:47 AM by Alex Adrianson

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