This article and the videos after it are a wonderful denfense of the purpose for and prosperity that derives from tax shelters…next time someone starts whining about Romney’s Caymen accounts send them here.
My friend Pierre Bessard of Switzlerand’s Liberales Institut has a column in today’s New York Times defending financial privacy from the predations of both international bureaucracies and American tax collectors. Pierre sagely notes that the Swiss system respects the privacy of citizens, unlike the “Orwellian” systems in places like America. This approach results in a very high level of tax compliance in Switzerland, and also provides a refuge for oppressed people around the world:
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