Think how dangerous he’d be if informed

The FT runs yet another of those articles talking about buying your own private island. Spudda says:

What the heck? Why not have your own tax haven?

Amazingly though, owning a piece of land doesn’t mean that you determine the policies of that tax jurisdiction. Just as an end terrace house in Ely doesn’t determine them.

10 comments on “Think how dangerous he’d be if informed

  1. Is there an internationally recognised way for the owner(s) of an island to make it an independent state?

  2. @ Pcar
    Declare independence then defeat in battle the armies of the (previously) sovereign state. Following which apply to join the UN.
    Might be easier and more comfortable to pay taxes

  3. Just as an end terrace house in Ely doesn’t determine them.

    An end terrace house in Ely determines the tax and fiscal policy of the entire planet.

  4. @ theProle
    Nah! Most politicians ignore the results of votes that go the wrong way and denounce “fraud”

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