a free information site for agricultural land
I’d like a rough figure on how much tax revenue the UK government, the American government etc lose out on due to offshore tax havens.
This is an issue I feel needs a global approach as one government cannot act alone as the companies and individuals involved will simply move their companies out of the country that tries to address the issue. It is a problem I feel which will only get worse if not addressed and the revenue that is lost is needed in order for the tax burden to be reduced on those that do not use offshore tax havens.
The individuals and companies that take advantage of these offshore tax havens do all benefit from the protection, security and infrastructure provided by large tax revenues paid by those who do not.
Business is an ever increasingly international affair and the taxation policies must change in order to keep up with this if humanity is to make progress.