Yes, tax haven crack-downs are a vexing issue for industrial countries. I for one, being from a country that has a sizeable and internationally recognized offshore trust and fiduciary industry, have never quite understood the premise for this crackdown?

I never quite understood how is it ascertained who exactly is a tax evader and, how does one recognize from the onset a tax evader or a country, for that matter, that practices aiding and abetting tax evasion?

It seems so vague. The OECD admits this. I liken it to the US Supreme Court’s policy on pornography; “you know it when you see it!”.

Best,

Youri
http://globalviewtoday.blogspot.com/

You should have written;
“It had spent the windfall as quickly as it’s citizens earned it.”

Pedantic, I know, but it should always be reiterated that governments don’t earn money, they take it.

The thought has often occurred to me that, if he was right, then the power to avoid or evade tax may be the power to create.