The Center for Freedom and Prosperity Foundation has produced videos showing the economic and moral benefits of so-called tax havens. This final video in the three-part series addresses some of the most common myths put forth by politicians from high-tax nations. Using academic research and data from international organizations, the video shows that the most common attacks made against low-tax jurisdictions are empty demagoguery.
February 8th, 2010
Accounting 
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lol
Taxes are paid to finance the infrastructure, security, education, etc, of countries. There are individuals whose companies benefit from these services but do not want to pay taxes, instead of this, they send their profits to tax havens. This is not a good idea. The good idea is to pay taxes to finance better services in order to get more better profits.
I think governments MUST empower private organizations to run and manage our money, BUT always under the supervision of public authorities in order to prevent abuses by private financial managers, and to avert crisis like the present one.
Individuals can’t be resposible for their own health, doctors and hospitals are. The cheapest way to pay for these services is by creating a common pool to finance full medical care for ALL. To create a common fund to finance health insurance, citizens must contribute an amount. This amount is less than that paid to private health insurances. The bad health of a private individual can’t become a hazard to the rest of society.
WTF are you talking about… Austrian Economics hasn’t been “proved to be mistaken”
I think he didn’t define what a tax haven is in this video because he had already done so in a previous video in the series. Also, what you said is essentially what he is talking about. A tax haven is a place that someone can put their money to evade taxation. The entire video was trying to persuade the viewer to understand why this is a good idea.
That’s a good point. We need to define what is public/private. I response to odalrich, if the government gave up its responsibility, it is the problem. Not defending the “private financial system”… but the government empowered these institutions to do what they do.
If no individual can be responsible for their own health, who should be? If person A can’t be responsible for his own health, how can he manage person B’s, C’s, D’s and E’s? The only person who can manage their own health effectively is the individual with the guidance of medical professionals.
His argument is logical and he uses citations. So, how exactly does any of what you said invalid his argument?
Actually he’s a member of the Cato Institute, which would make him a Libertarian, not a Neo-Con, whatever that is.
LOL! I thought I smelt a rat when his gaspump analogy implied that the average steelworker could just go into finance if he wanted!
Turns out, he worked for The Heritage Foundation (funded by oil and weapons companies among others) and, before that, Citizens for a Sound Economy which wasn’t a ‘consumer group’ but was 85% funded by major corporations (Washington Post report). Dan Mitchell is a Neo-Con who has warped his own definition of morality so he can sleep at night.
I suppose thats why the majority of laws are written by a minority of special interest groups and are thousands of pages long and are not read by anyone until 5 years after they are passed. Give me a break.
Laws are needed to protect the general interests of the majority from the interests of a minority. This concept has been gradually eroded for the last 25 years with the result we know today. Individuals, like the one on the above video , have been very irresponsible .
What do you think regulation is. Whenever you say ‘there should be a law’ you are supporting war against a number of individuals.
All the government does is make war.
Individualism101 dixit: ” By your definition………………………..You are in support of war” (?????).
Either you’re going mystic or you have the wrong chap and you should have sent your post to somebody else.
By your definition the East-India trading company was a private enterprise.
You fail to distinguish between theft and trade because you yourself want to justify theft.
There are two basic means of interaction between humans: trade and war. You are in support of war.
Look, mate, since the last 25 years governments all over the world have been giving power to the private sector. Reagan started this neoliberal policy with the result we know today. The private financial sector made the mess we are in today; the fault of governmente is to have allowed it.
Wrong. Government backed mortgages brought the economy to the brink of collapse. As I said earlier: there is no private financial system. Maddoff was the founder of the nasdaq. The whole thing is one big government scam.
Your problem is that you dont even know what government is. The stuff it does right (hardly anything) you call government, and the stuff it does wrong you call private. When in reality the people who are in control (gov) made the mess and now they are making an even bigger one.
The private financial system had to be intervened by governments due to the irresponsibility of financial executives who have brought the world economy on the brink of total collapse. Unfortunately tax havens are not all under control. I firmly believe they should disappear so that the money in them is invested in the real economy.
There is no private financial system. What little there was is gone with the destruction of tax havens.
“The spheres in which failure and fraud exist are government spheres”
Are you really sure?? And what’s happening with the huge scandals in the private financial system which is affecting small business?? Where have you been living all this time? on a deserted island in the middle of the Pacific Basin?
COMMMMMMMMMMMMMMMMMMMMMMMUNIST ^
A government cartel of banks is not the free market. The spheres in which failure and fraud exist are government spheres. There is no issue in the real market. Small businesses are not burning to the ground.
The guy in the video wants no taxes on his clients — and they will use any twist of logic and bullshit to get that.
For example, he wants “flat tax” which isn’t flat at all. It sounds as if everyone would pay the same percentage. Nonsense — they want ZERO percentage on their income, but want ALL taxes paid by those who work for it, wages, business, self employed.,
It’s interesting that he doesn’t define what a tax haven is. Generally, tax havens have all of the following: low or nominal tax rates, secrecy of personal financial information, and lack of transparency. Low taxes by themselves doesn’t mean its a tax haven because of residence based taxation rules. Tax havens like Switzerland enable investors to hide their financial assets from their resident countries thus perpetuating tax evasion. That’s really the only reason why people use them!