I have been asked, often, of late why people and companies use tax havens.
I could give a long answer, or a short one. This is the short one.
There are four reasons why people and companies use tax havens:
1) To avoid or evade tax in their home jurisdiction;
2) To avoid or evade some other regulation in their home jurisdiction;
3) To hide something, which may well be (1) or (2);
4) Any combination of (1), (2) and (3).
If anyone can find anything moral in that, please let me know.