Tax Research UK, 23 Dec 2008, Richard Murphy
"Let’s ignore for a moment that the only reason for wishing to beat the EU STD is to commit tax evasion - which is the sole activity it is designed to address - and the implicit condonement of evasion that the article therefore includes - and note what else the article promotes.
Explicitly it is secrecy: which is why we now call places like Singapore secrecy jurisdictions, not tax havens or offshore jurisdictions.
Second, they aspire to respectability: an aspiration that cannot be achieved as the whole purpose of the secrecy is to undermine the ethics and practices of both the market and international regulation."
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