I have for the last two years or so been doing a lot of work on what my Sheffield University colleague Professor Andrew Baker and I call qualitative tax spillovers.
The work began with an academic paper, from which several others have now followed
More recently it has led to work on the broader issue of tax transparency with the IMF and World Bank backed Global Initiative for Financial Transparency.
Now we have made a podcast on the issue, explaining our work and the reasoning behind it, produced by Faculti.
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Presumably you know the video won’t play?
It does for me…..
Anyone else having this problem?
I have had the embed code updated
Does it work now?
Tax being a regulator of the economy is one thing, but the really important tax is a tax on wealth, The wealthy don’t like taxes, even though most don’t, but have the power wealth gives them to avoid paying tax or even to control the tax system.
The real problem we face is taxing the rich to reduce the level of power they have.
Could off shore tax havens be nullified by taxing wealth leaving the country? I can see problems with that, because money transfers could be used to buy exports from the country and exchanged back to money later etc.
Tax havens are nullified by transparency.
That is why Geoffrey Cox MP is fighting for the preservation of tax haven secrecy.