All missed the point that tax havens are inherently criminal and would go under without the proceeds of crime. As John Christensen, director of the Tax Justice Network, puts it, they are enemy states, pirate islands that have declared economic war on the rest of the world. It\’s not just that they happen to be used by individual criminals – drug dealers, kleptomaniac African dictators – they are criminal entities themselves that survive by sucking potential revenues out of wealthy and destitute countries alike. If rich citizens obeyed the law, or tax havens ended their secrecy, offshore banking wouldn\’t exist.
You realise that you\’re using as your informant there a man who insists that England is a tax haven? Taking his ecidence from an OECD report which insists that Monaco is not? Might he not be, well, a trifle biased?