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 Beito is a Research Fellow at The Independent Institute and editor of the Independent book, The Voluntary City: Choice, Community, and Civil Society (with Peter Gordon and Alexander Tabarrok).
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