The Center for Freedom and Prosperity Foundation (CF&P) has just released a new mini-documentary video, the third and last in a series, discussing the global economic benefits generated by low-tax jurisdictions. The CF&P Foundation's new video, entitled Tax Havens: Myths vs. Facts, makes a compelling and succinct case dispelling the widespread untruths about tax havens circulated by opponents. These market-friendly regimes have led to better tax policy, faster economic growth, greater government accountability and higher living standards around the world.
Narrated by our friend and associate, Dan Mitchell of the Cato Institute, he challenges, explains and destroys the anti-tax haven myths, citing empirical and historical evidence to illustrate the many positive contributions of tax havens.
In my opinion this series is one of the best short presentations of the true facts about tax havens and their benefits. It serves as reliable proof against the demagogic lies and attacks on tax havens by the likes of U.S. Senators Levin, Dorgan and president-elect Obama, the chief sponsors of anti-tax haven legislation in the last Congress. In particular it explodes the myth that $100 billion in tax revenue is lost annually to the IRS because of tax havens, showing that the number has no basis and was a lie from the start.
I also recommend that you review previous CF&P videos which include The Economic Case for Tax Havens and The Moral Case for Tax Havens.
Great set of video's, I recommend everyone to watch them.
Posted by: Tanner DeLoach | December 07, 2008 at 03:30 PM