Offshore Tax Haven Considers Taxation

I think most people have heard of the tax loophole created by offshore tax havens. As this article suggests, it has been a source of intrigue and an important subplot in many crime novels like John Grisham's "The Firm."  However, an interesting phenomena has occurred as a result of the global economic crisis. Some tax havens are actually considering direct taxation to meet mounting financial debt.

You can find the article here:
http://www.nytimes.com/2009/10/04/business/global/04cayman.html
You can find the discussion activity here:
Offshore Haven Considers Taxation

Enjoy the lesson!

Maurice
Voice One
www.voiceone.fi