Tax Havens – USA: The New Switzerland?

Tax Havens – USA: The New Switzerland? by Jeff Thomas, Sprott Money

At one time, tax havens took great pride in calling themselves just that, since low-tax jurisdictions provide people with freedom from oppressive taxation.

But, in recent decades, the Organisation for Economic Cooperation and Development (OECD, based in France, but largely funded and controlled by the US) has been on a rampage to crush tax havens. The attacks have been regular and forceful and, although tax havens still exist around the world, every one of them has caved to a greater or lesser degree to ever more stringent OECD “international practices.” Presently, all tax havens live in fear of the OECD and its powerful enforcer, the US.

No measure...