While there's no stopping globalization, or smart people from avoiding taxes, there is another side to the coin, and a major issue that needs to be discussed openly by developed nations, and that's the issues related to tax evasion.
Offshore tax havens, spread by new computing and telecommunications, provide an unprecedented tax shelter, enabling rich citizens and corporations to escape the national tax system. Wealthy tax evaders save millions, while public services and infrastructure in their home countries, as well as on the small island havens, remain drastically underfunded. According to the Global Policy Forum.
