By using this site, you agree to our Privacy Policy and our Terms of Use. Close

I'm not sure how anybody can be pro tax haven. Well i guess you could argue it's one of the few ways small unimportant countries with little to no resources can get their economies going... however the issue with that is... well look at Cyprus. Banking capital ends up dwarfing GDP and the local "real" economy meaning if the banks fuck up...EVERYBODY is fucked. Especially if those banks are government run.

That said... as a policy issue this probably would only serve to harm France as their ridiculous taxes will just force companies will cause even more flight from people who previously hide a portion of their taxes.