Need for action on tax havens*

BY the very criteria set in the United States (US) by the Multistate Tax Commission (MTC), several states in the US are “tax havens”. But they have not been named in the legislation passed by the legislatures of Oregon, Montana and others.
Among the MTC criteria for determining a tax haven is that a jurisdiction “during the tax year in question, has no or nominal effective tax on the relevant income”.
On that basis, there are nine states in the US that are tax havens. They are: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming where there is no personal income tax, and New Hampshire and Tennessee which also have no taxes on wages; only interest income and dividends are taxed.
There has been no labelling of these states, although small jurisdictions in the Caribbean and Pacific have been openly branded as tax havens because they have no or low tax for their international financial services sector.