December 14, 2012.
We have seen this repeatedly happen over time and the result seem to be the same every time. Its an endless cat and mouse game. Maybe one day the various governments will try a different strategy. One suggestion would be to make their tax laws more attractive to businesses and individuals instead of looking for ways to penalize their citizens for getting a better deal offshore.
Not a chance in hell. Well that's just my opinion. Anything could happen and future leaders may look at history and say, let's try something different this time. They could always change the tax laws back if it does not have the desired effect. It could be a real game changer for the offshore tax havens if there is no longer a significant benefit to going offshore.
Offshore tax havens cannot assume that they will have the solution to any threats to their offshore services industry. Businesses and individuals will use any effective tax saving solution whether it involves traditional offshore services or not. There are always winners and losers in a changing environment and sometimes things happen that we could never predict.