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“Fiscal Paradise”, a Simple Play on Words

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Fiscal Paradise: a label “ad hominum”

We could ask whoever coined the term “fiscal paradise” if “economic hells” or “underworld of investment” exist, since the notion can be corrupted so easily. In certain countries “incorporation only takes two minutes”; the formalities have been simplified to a point close to laxity. Does that mean to say that the countries where it takes longer to incorporate are investment infernos? Taxation is “a political instrument; social and economic” designed to serve the governing body; which is most probably the most powerful body that makes the laws. The government’s labelling of certain countries as “fiscal paradises” should thus be construed as an element of discrimination.

Tax is an instrument which may be subject to deviations

The practice of allocating fiscal resources, outside the general budget of the State, to third parties having a legal personality, only goes to show that tax is as much a noble instrument, when aimed at a good cause; as it can be a means to carry out budgetary and financial deviations (read the article on off-budget tax allocation)

Who wouldn’t like to pay less taxes

The countries with more efficient fiscal systems in terms of corporate taxes assuredly have the same needs as the European “super collectors”; the fact is that the state has many ways to obtain money and while some governments will privilege taxation, others won’t. Without falling into proselytism; it is not necessary to be divine to guess what follows next: “everyone would like to pay less taxes”; because less taxes = more money; money that can eventually return to the economic circuit in a more constructive way.

No tax hell; no tax paradise

The term “ country at the forefront of the fiscal sector” is much less proselyte and more revealing of what is actually taking place since, unless I am mistaken; European States that decided three years ago to: “take the money” from their citizens rather than leaving it to them (such as Portugal and Greece) are still stuck in an economic slump.

 

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