Offshore secrecy is a huge problem. It enables tax avoidance, sanctions-busting, dodgy PPE suppliers and drug cartels. We've a new proposal to end it, forever.

Is offshore evasion the equivalent of the tax privileges enjoyed by the French nobility under the ancien régime?Is offshore evasion the equivalent of the tax privileges enjoyed by the French nobility under the ancien régime?

Positively giddy reading this on a Sat morn, Dan. Intellectually super intriguing, the idea of it (which most new proposals aren’t). I have an academic paper in publication on this exact logic, will see if I can sneak in a mention of this via proofs, as it’s spot on.

The full proposal is here: https://taxpolicy.org.uk/2024/09/22/a-proposal-to-end-offshore-secrecy-the-transparency-levy/ with technical background, legal detail and references. Thread follows below: