mrstickball on 11 December 2012
This is the natural result of progressive taxation with deductions. It allows organizations and individuals huge leverage in gaming the system.
This is why I favor the FairTax and flat tax systems with no corporate taxes. Shift the burden onto people, not businesses. The reason, then, is that they'd have no need for tax havens, as there'd be no way to secretly reduce your tax rate.
Back from the dead, I'm afraid.
