It does address an important point, though: should you pay tax based on where you live, or on where your income comes from? Governments invest a lot in their country, their citizens, education, a healthy market, etc. For foreign companies to profit from that healthy market but not pay taxes there, seems wrong. Similarly, for people to work in a healthy labour market but not pay taxes there seems equally wrong. These things result in a race to bottom to attract rich people and corporations that make their money elsewhere.
Instead, I think it would be better if income and profit were taxed more based on where it comes from, making tax havens irrelevant. But I have no idea how practical that is.
It does address an important point, though: should you pay tax based on where you live, or on where your income comes from? Governments invest a lot in their country, their citizens, education, a healthy market, etc. For foreign companies to profit from that healthy market but not pay taxes there, seems wrong. Similarly, for people to work in a healthy labour market but not pay taxes there seems equally wrong. These things result in a race to bottom to attract rich people and corporations that make their money elsewhere.
Instead, I think it would be better if income and profit were taxed more based on where it comes from, making tax havens irrelevant. But I have no idea how practical that is.