Comments by "Jeremy Barlow" (@jeremybarlow2291) on "How The Wealthy Hide Billions Using Tax Havens" video.

  1. Did you miss the fact that the US is one of the leading tax havens for non-resident aliens of the US? The US is amongst the biggest tax havens in the world along side the UK, the Netherlands, Malta, Cyprus, Luxembourg and Ireland. I mean half of the EU is a tax haven and the US is a major tax haven as well.
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  2.  @vitsadelhole  I mean the UK changed Turks & Caicos law on a dime not too long ago, perhaps it is you who doesn't understand how colonies work.
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  3. This video and it's lead speaker ignore the fact that FATCA & CRS were in existence at the time of this reporting and multiple banks in those jurisdictions entered into compliance agreements with the IRS and EU tax authorities to restore their ability to transfer funds internationally. it also ignores the fact that most of these countries had enacted economic substance statutes after pressure from the US and EU regarding sanctions against their financial institutions which hobbled a lot of these small island nations and or small nations overall. Compliance costs with legal tax avoidance and the G.I.L.T.I. tax regime in the US made many of these tax deferral or tax avoidance regimes useless because of CFC rules. Other B.E.P.S. actions in regards to withholding taxes further eroded the usefulness of these tools basically bankrupting a lot of these small countries and destroying their leading financial services industries.
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