02 March 2008

Post v.30

It was rather difficult to comprehend after reading the opening paragraph in this Financial Times article:

Germany will on Tuesday call for the European Union to clamp down on the continent’s last tax havens, whose low taxes and bank secrecy rules it sees as an incitement to tax evasion.

Pardon me, but is it not the hyper levels of taxation unfortunately found in many European countries which is the very true incitement for individuals to become motivated in the protection of their incomes/wealth?