As it's March 31, I thought this was topical.
Doesn't this smack of lefty churlishness, envy and jealousy.
Barry had as a Senator, prior to becoming Prez, sponsored legislation to rid the world of tax havens. Despite all of them being completely outside the sovereign realm of the United States, he's keen to completely ignore that fact and continue to rid the world of them, with the help of the OECD.
Not for anything laudable as financial reform though, but simply collecting more tax. There's as estimated $7T (yes, T) they're missing out on in taxable cash. Many of these 'tax havens' simply have flatter or simpler you might argue, tax laws. Wiki has an interesting article on the subject which even mentions NZ.
Sure, lots of crooks hide money this way, but who else of those who are operating legitimately will be caught up in such a drift-net approach?
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