[Slimbo]

How do you separate avoidance of tax with competition between taxation venues? The IOM (and other small jurisdictions) cannot compete with larger countries on manufacturing and other big industry, but their small size and low cost of government allows them to be very competitive with Tax. If an individual is able to move his finances out of a country to a more competitive jurisdiction, isn't' that the fault of the original country rather than the more competitive one?

[brazzy]

> If an individual is able to move his finances out of a country to a more competitive jurisdiction, isn't' that the fault of the original country rather than the more competitive one?

If the "competitive jurisdiction" allows people to "move their finances" there without actually living or doing real business there, then that "jurisdiction" is in fact a parasite.

[barry-cotter]

Indeed, and the countries that want that money can use force and other means of persuasion to take it. International law is a farce.

“The strong do what they will and the weak suffer what they must.”

The US or other Great Powers can force less powerful countries to do what they want, when they want to. If that’s protecting the holdings of US companies in Latin America or dictating the tax policies of other countries the disrespect for other’s sovereignty is the same.

[thefounder]

>> If an individual is able to move his finances out of a country to a more competitive jurisdiction, isn't' that the fault of the original country rather than the more competitive one?

You don't understand how secrecy works. A simple way to evade tax is to set-up a company in the tax heaven and send "fake" bills or loans to the real company. Without cooperation of the tax heaven country there is little the on-shore country can do except to black-list the said tax heaven from the financial market. As it happens special interests groups from the UK opposed a black-list of Isle of Man or Virgin Island.

https://www.theguardian.com/business/2017/dec/05/eu-blacklis...