TJN’s Nicholas Shaxson has an article in the Washington Post entitled Five Myths about Tax havens. The myths go like this:
- Tax havens protect vulnerable people against despotic governments, unjust laws and political turmoil.
- Tax havens are good for high-tax nations.
- Besides Switzerland, most tax havens are small tropical islands.
- Being a tax haven makes a country rich.
- Cutting corporate taxes helps nations compete with tax havens.