Why Governments Hate It When Other Countries Have Low Taxes
During a visit to the World Bank this week, I got a sobering lesson about the degree to which the people working at international bureaucracies, including the Organization for Economic Cooperation and Development, dislike tax competition. For years, these organizations-which are funded with our hard-earned tax dollars-have bullied low-tax nations into changing their tax privacy laws so uncompetitive nations can track taxpayers and companies around the world.