If individuals and companies don’t have to pay any tax how does the government make money for general upkeep of the national infrastructure and to pay government salaries?
In: Economics
There are all sorts of different taxes and fees that could be used to fund operations. Many of the tax havens are tiny countries, so even a small tax on huge sums of money that dwarfs the tangible economy could support it, and many have things like strong tourism which is commonly taxed to shift tax burden away from locals (see Nevada and Florida having no income taxes)… taxes on hotel/resorts stays, cruise ship fees, casino profits, etc.
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