Everything was all so much easier when our conception of the world resembled the familiar image, above. The patchwork of brightly coloured areas indicated the spheres of political influence that are nation states. Borders could be patrolled and national laws enforced, it was a comforting delusion which primitive communications made feel real.
This article is about the erosion of state borders and its consequences and at the end of it the reader will be faced with a stark choice.
Wealth has become stateless, and as a consequence it is becoming increasingly less accountable to any state’s laws or tax codes.... Let’s not delude ourselves about this, the ‘best business environment’ is the least regulation and the most advantageous tax breaks.
And then there are the ‘Tax Havens’. Tax Havens only exist because the regulatory conditions in other states allow them to. There is only one reason why these companies have subsidiaries in those countries and that is the avoidance of tax....And lets also be clear that if nothing is done then this trend towards stateless money will continue. The situation will continue to deteriorate and big money will increasingly dictate to state its laws.
This article is about the erosion of state borders and its consequences and at the end of it the reader will be faced with a stark choice.
Wealth has become stateless, and as a consequence it is becoming increasingly less accountable to any state’s laws or tax codes.... Let’s not delude ourselves about this, the ‘best business environment’ is the least regulation and the most advantageous tax breaks.
And then there are the ‘Tax Havens’. Tax Havens only exist because the regulatory conditions in other states allow them to. There is only one reason why these companies have subsidiaries in those countries and that is the avoidance of tax....And lets also be clear that if nothing is done then this trend towards stateless money will continue. The situation will continue to deteriorate and big money will increasingly dictate to state its laws.
.... theneedleblog.wordpress.com
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