In several languages, such as French, Portuguese, and Spanish, tax havens are referred to as tax ‘heavens’ instead of tax ‘havens’. Personally, I prefer this second terminology as it implies that if there are places considered as ‘tax heavens’, then the majority of countries can be considered ‘tax hells’, which is the case for the majority of countries nowadays.
The truth is that people are running away from tax hells, be it through tax evasion or even through ‘legal’ ways, such as tax elision as nobody wants to lose money by giving it to the State, where their money will be spent on things they do not want and probably will not use.
Companies and individuals, in order to protect the legit fruits of their labours from being robbed by their greedy governments, opt to send part of their wealth to another country where they will not be pillaged or where less of their wealth will be spoliated by the State.
Of course the practice of protecting your wealth is always demonised by statists and those who want to get their hands on the fortunes that legitimately belong to other people. For this reason narratives are created by statists, using mental gymnastics and all sorts of fallacies to try prove how criminal people are if they are not wanting to be robbed by the State.
Throughout history, we have witnessed numerous instances where individuals with wealth and fame are accused of dodging taxes. The likes of Cristiano Ronaldo, Lionel Messi and Neymar have all faced allegations of tax evasion, with some greedy critics branding them as nothing more than crooks.
But it is not just footballers on the chopping block. The Irish left has also sharpened their claws and set their sights on U2, the beloved band from the Emerald Isle. Some have accused the group of being tax dodgers, causing the once universally celebrated band to become a hotly debated topic. Suddenly, U2, the pride of Ireland, has become somewhat of a ‘controversial’ figure.
The western intelligentsia has been programmed to protect the State, to empower the State and to assassinate the reputations of those not empowering the State, just like it happened in the USSR, in the Tsarist Russia and in the CCP’s China.
A race to the bottom
Tax havens have been under fire by the left for quite some time now. With increasing momentum, influential nations and international organizations led by the far-left have been declaring war on these financial enclaves. Their latest weapon of choice? The Global Minimum Corporate Tax Rate. This proposal aims to level the playing field and ensure that all corporations, regardless of where they are based are robbed evenly by the State and to try to suffocate the corporations and, as a consequence, strangling the poor and the middle classes that use the most the services and goods provided by these corporations and will have to pay more for the same goods and services. It is like if a small group of morbidly obese marathonists are trying to make every other runner as fat as they are so that they remain competitive.
The healthy and sane thing to do would be to become fit to increase your competitivity and to have an increased performance. But statism is a race to the bottom. In the clownish world of today where bad ideas are normalised by the whole structure of the establishment, to do what needs to be done is demonised.
We have to go back to the realm of ideas, back to the economic principles, common sense and rationality. We have to renormalise high-performance, boldness and rationality. And in the case of the tax havens, nations need to be optimised into becoming competitive tax havens and not into becoming a tax hell where the State is the central planner of the economy. Tax hells have been tried several times and they failed. And the more a nation gradually goes towards becoming a tax hell, the more it becomes poorer.
The ethical and superior choice
Tax havens, these enclaves of economic sovereignty not only stand as beacons of ethical righteousness, but also as bastions of property rights, allowing individuals and companies alike to keep what is rightfully theirs, or at least the majority of it. To partake in such a sanctuary is to enter a world of unparalleled freedom and security, a world where one’s labour and capital are no longer subject to the unjust confiscation of rapacious states.
Fiscal paradises are wealthier because of low tax rates and business-friendly regulatory environment, which attract individuals and companies looking to minimise their tax liability and maximise their profits. When companies maximise their profits while competing in a real free-market, goods and services become cheaper, thus increasing the quality of life of individuals, especially the poor and the middle classes, that get easier access to goods and services.
Tax havens typically offer minimal or zero taxes on income, capital gains, and inheritance, which makes them an attractive destination for wealthy individuals and corporations to park their money and assets.
Apart of that, many tax havens have a stable political and economic climate, as the political caste is not trying to interfere so much in matters that the private companies should handle. Summed to that they have a better developed financial infrastructure, which makes it easier for individuals and corporations to conduct business and invest their funds. This, in turn, leads to increased economic activity and growth in the tax haven.
The more a country goes towards becoming a tax haven, the more a nation rejects policies that will lead into a socialist society, the more the economy of this place will thrive. Not only the wealthy are attracted to tax havens. Even the poor and the middle classes are attracted to tax havens or countries that are much more economically free in general.
The French migration to Switzerland is a contemporary example. As their homeland becomes increasingly socialist and the breath of commerce is stifled, the promise of better wages, working conditions, and living standards calls to them from across the mountains. Yet, it is not only the French who are drawn to this land of opportunity, but people from far and wide, from other European nations and even from beyond the seas.
For who would venture to a land where enterprise is fraught with hardship and struggle? Where the very act of conducting business is a feat of endurance, leading only to poverty and instability? Such lands are shunned by those who seek prosperity and security.
Thus, we must cast off the shackles of outdated leftist and corporatist policies that create hell on Earth, for they bring naught but torment to the poor and middle classes, while serving only a privileged few. It is time to forge new paradises where commerce can thrive, bringing forth abundance and serenity for all. Let us heed this call and create a better tomorrow, where prosperity and peace reign supreme.