delete The International Tax Enforcement (Turks and Caicos Islands) Order 2010
UK Order implementing tax information exchange arrangements with Turks and Caicos Islands, declaring that Exchange of Letters for sharing tax-related information have been made and should have effect domestically.
Facilitates government tax enforcement apparatus rather than freeing markets. Such arrangements make high-tax regimes more enforceable, restricting capital mobility that would otherwise discipline governments. The Exchange of Letters regime perpetuates the surveillance state over private financial affairs. No compelling evidence that Britons are worse off when information-sharing arrangements lapse — if anything, less enforceable taxation permits greater capital formation and entrepreneurial dynamism.