Havens on the Wane

By Camy Roch

States are like people. At least, sometimes they do have the same survival instincts, especially when it comes to money. I mean, what would you do if  you’re short on money but still craving  a refreshing beer? You desperately rake up your pockets. And if you still can’t find any, then you go rake the neighbour’s. At least, that’s what I would do.

Let’s leave the metaphor there. It seems like today, due to economic hard times, states are struggling to afford that goddamned beer. Leading the European Council to gather in Brussels two days ago, with the firm intention to scrape some money together. Here to understand: tackling once for all tax evasion, and putting an end to the reign of tax havens and bank secrecies. (As I said, if you can’t find coins in your own pockets, go for the neighbours’).

As sad as it may sound, not every tax haven does look like that.

As sad as it may sound, not every tax haven does look like that.

Continue reading