It s the US government that is most worried. Washington is awash in the loot we call taxes, with federal revenue soaring to unexpected heights. The reason is the economic boom. More income means more income taxes. Higher stock prices means more taxes from capital gains.
More spending means more excise tax payments.
But somehow it s never enough. Bureaucrats in DC can t sleep at night for imagining the trickles of cash that are escaping their clutches and being banked in independent Vanuatu. Incredibly, the cartel of governments called the OECD is threatening trade sanctions against this poor country unless it changes its tax and banking laws. Obviously, the people who use the services offered by these countries benefit from them. Even those who do not use their services benefit from the competition these countries provide to the high-tax regimes of the developed world.