Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-21-Speech-2-020-000"
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"en.20130521.5.2-020-000"2
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"I agree with you that tax evasion is a problem and is costing governments money, but we should remember that tax avoidance is legal.
The biggest reason that tax havens are allowed to prosper is that we have got this very statist mindset that we must try to get as much tax out of successful individuals as we possibly can. If you do that, and if you have a very complicated tax system, people will do all they can within the law to avoid paying tax. The answer for Western governments is to learn some of the lessons from the 1980s in Britain and America: bring taxes down, simplify taxes, and then those who wish to obey the law have no need to use tax havens."@en1
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