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Panama Papers: Mossack Fonseca leak reveals elite's tax havens

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Re: Panama Papers: Mossack Fonseca leak reveals elite's tax havens

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Earlier quoted context omitted.

>> Large corporations benefit from their customers being safe and secure Same way as the small ones do. Maybe even more so - you can find a market for luxury cars even in most brutal dictatorships (in fact, many brutal dictators are known for their love of luxury goods, and so are their henchmen as soon as they are wealthy enough) but trying to establish a small business with stable clientele might be quite hard. >>…

> you can find a market for luxury cars even in most brutal dictatorships But you're unlikely to create a luxury car company in an unstable country. > trying to establish a small business with stable clientele might be quite hard. There are plenty of small businesses with stable clientele in Bangladesh, Haiti, Yemen, and pretty much every country in the world. > "symbiotic relationship" is not a bad description of wh…

> But most countries don't tax startups much anyway.

Because they reasonably think that letting them grow a bit is more profitable.

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