The four reasons why people and companies use tax havens

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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).

That's it.

If anyone can find anything moral in that, please let me know.