Farewell to Offshore Tax Havens

Are we to be spared nothing? The leaders of our two party monopoly have decided to wage war on some of the last remaining refuges of financial freedom and privacy. According to this morning’s story in USA Today, Republican Norm Coleman, the ranking member of the Senate Committee on Investigations, applauded...

...proposed legislation to strengthen reporting of foreign accounts held by Americans and penalize tax haven banks that impede U.S. tax enforcement.

“I would hope that this report [of the Committee] would be a call to action,” said Coleman.

David T. Beito is a Research Fellow at the Independent Institute, retired professor of history at the University of Alabama, and author of The New Deal’s War on the Bill of Rights: The Untold Story of FDR’s Concentration Camps, Censorship, and Mass Surveillance.
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