Quote:
Originally Posted by jfman
If there's no benefit to a tax haven why do they exist then, nomadking?
The obvious answer - to move profits that could be taxed in the United Kingdom elsewhere. I'm flabbergasted at why anyone would support this - given the precarious state of our economy at this challenging time.
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The profits have already been taxed in the UK, why should they be taxed again? Who says they would be subject to UK tax again? It could be another country, eg a tax haven.