I’m back in Bermuda, but not for sun and fun. Instead, I’m like the little Dutch boy with his finger in the dike as part of my ongoing effort to thwart high-tax nations in their attacks against tax competition and tax havens at the “Global Tax Forum” of the Organization for Economic Cooperation and Development.
There are some really horrifying developments at the this meeting, most notably the genesis of an International Tax Organization. I’m in the midst of analyzing this wretched proposal, which has the full support of the Obama Treasury Department folks at the conference, so hopefully I’ll be able to post something later today.
In the meantime, here are two videos I just found, featuring a British member of the European Parliament talking about the issue of tax competition. Unlike most politicians, he has the right view of the issue. This one was just released.
And here’s one from last year.