Nicholas Shaxson, Five myths about tax havens (WAPO 4/15/17), here. I think the author uses the term myth to be falsehoods (or not truthoods). The first myth is:
1. Tax havens protect vulnerable people against despotic governments, unjust laws and political turmoil.
The author addressed this myth:
One benefit of tax havens, to listen to economists such as Cato Institute senior fellow Daniel Mitchell, is that they help shield oppressed groups from greedy and corrupt regimes. The “financial privacy laws” that govern tax havens make them especially “attractive to people who live in nations plagued by incompetent and/or venal governments,” Mitchell argued in a 2008 Cato-produced video titled “The Moral Case for Tax Havens.” The most famous version of this myth was first peddled in 1966 by the Schweizerische Kreditanstalt (today’s Credit Suisse), suggesting that Swiss bank secrecy was set up to protect Jewish money from the Nazis.
In reality, Switzerland’s famous banking secrecy law of 1934 was triggered by a French tax-evasion scandal involving several wealthy elites, and Swiss secrecy wound up protecting a ton of Nazi loot. Tax havens shield the money of rich people, not vulnerable ones. Indeed, the Panama Papers revealed offshore accounts associated with several dictators and members of oppressive regimes from around the globe, and few linked to ordinary citizens. When tax havens assist kleptocratic elites in hiding their cash with impunity, they don’t guard against corruption and despotism — they help perpetuate them. Tax havens provide an escape route from laws that is available only to a rich minority that can afford to use it, thus removing from the equation the constituency with the greatest power to push for reform.Jack Townsend Articles on ICIJ's Panama Papers and Ramifications 17th
Jack Townsend Articles on ICIJ's Panama Papers and Ramifications 16th
Edmond Tavernier, Swiss tax lawyer, reveals how a little learning is still a dangerous thing
UK ministers humiliated after Cayman and BVI leaders repeatedly ignore requests for meetings Independent
The UK’s position on sharing beneficial ownership data is totally hypocritical Tax Research UK
Trove of secret Swiss bank data released to European countries: now use it! Tax Justice Network
Spanish Industry Minister Soria Resigns Over Panama Leaks Bloomberg (Richard Smith)
E.U.’s Five Biggest Economies Join Tax Crackdown After Panama Papers New York Times
The UK’s position on sharing beneficial ownership data is totally hypocritical Tax Research
HMRC launches new consultation into tax evasion laws for corporates, as Panama Papers scandal rumbles on
HMRC Consultation Document - Tackling tax evasion: legislation and guidance for a corporate offence of failure to prevent the criminal facilitation of tax evasion
Bankers behaving badly in Panamanian scandal (18 Apr 2016)
New York Times op-ed: The Real Welfare Cheats, by Nicholas Kristof:
The study was compiled by Oxfam and it comes on top of a mountain of evidence from international agencies and economic journals underscoring the degree to which major companies have rigged the tax code. ... The Oxfam report says that each $1 the biggest companies spent on lobbying was associated with $130 in tax breaks and more than $4,000 in federal loans, loan guarantees and bailouts. ..