Interestingly, there have been mutterings in the Scottish independence camp that an independent Scotland could pursue a future as a tax haven. Frankly given its relationship to England and the fact that countries are crazy enough to permit companies to pay tax, on business activity taking place in their own jurisdiction, in low tax foreign jurisdictions, you can see the argument.
But we live in changing world. As the EU has shown, being a tax haven, especially as a conduit for funds with doubtful provenance, can leave you on the outside when crises arise -- with nowhere to go.
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