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That applies only in the case of a tax haven.
This tax haven has no exchange control regulations so that money can move in and out of the country without awkward questions being asked.
During the past few years a major new tax haven has come into existence.
Governments react to situations, and when this situation arose they closed loopholes so the tax haven was no longer available.
Currently, those people are disadvantaged because of the tax haven system.
To be explicitly clear, a tax haven which has 12 agreements with other tax havens would certainly not pass the threshold.
You should recognise your company for what it is, a tax haven.
That book is written by the man who does not need a public lending right because he is a millionaire living in a tax haven.
He may emigrate to a tax haven and collect his money.
Those businesses were created by public sector money and provided a tax haven, and they involved no risk.
There is no reliable means of estimating the tax loss through avoidance and evasion in connection with tax haven transactions.
Unfortunately, it does not adopt the most important proposal, to make any financial transaction involving a tax haven illegal.
They could have transformed the business expansion scheme into something that benefited manufacturing industry instead of providing a tax haven for property speculators.
They would affect not just the tax haven but also the islands' general viability.
Obviously, to allow the evolution of an offshore tax haven would require a vast investment in improved communications—radio, telex, telephone and of course air.
