andyp-
I for one look forward to the massive cut to income tax, capital gains tax, inheritance tax, national insurance, tuition fees, VAT, dividend tax, excise duties, council tax and business rates that us ordinary citizens can look forward to in the near future.
Free money for everybody.
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It might work on a small island
We're a pretty small island ;)
But you're right, for small countries it offers an economy (and a better one than fighting over producing the cheapest food products or drug trafficking).
The reality is the UK is already one of the best countries for tax avoidance. We have the structures in place, the skills, the relationships. Therefore, this is a fairly natural progression.
Just thinking out loud here... when you look at the potential of AI to totally lay waste to financial services back office, would this not be an area for that sector to transition to?
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Stonehedge
hugo7
Is the basic idea of a tax haven that you all pay less tax but more people's money is attracted here so your tax receipts are higher?