
Nick Shaxson ■ Five myths about tax havens

TJN’s Nicholas Shaxson has an article in the Washington Post entitled Five Myths about Tax havens. The myths go like this:
- Tax havens protect vulnerable people against despotic governments, unjust laws and political turmoil.
- Tax havens are good for high-tax nations.
- Besides Switzerland, most tax havens are small tropical islands.
- Being a tax haven makes a country rich.
- Cutting corporate taxes helps nations compete with tax havens.
Now read the article for the rebuttals. And for further rebuttals, see our FAQ page, with more myths, and this longer piece entitled The Non-Perils of Information Exchange.
Related articles

When AI runs a company, who is the beneficial owner?
Insights from the United Kingdom’s People with Significant Control register
13 May 2025

Uncovering hidden power in the UK’s PSC Register

Lessons from Australia: Let the sunshine in!

Pope Francis, 1936-2025

Vulnerabilities to illicit financial flows: complementing national risk assessments

A tax justice lens on Palestine

Thank’s for the link. I think all the smart people with money in tax havens will most likely be moving their money to China and into digital currencies.