[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...