How a Tax Haven is Leading the Race to Privatize Space

Luxembourg is a small but savvy nation. With few natural resources — besides a long line of grand dukes, a legacy of skirting tax loopholes, and a valuable national sovereignty — the country has looked to the stars for its next big venture: asteroid mining. The only problem? The 1967 Outer Space Treat explicitly prohibits countries from claiming ownership of any object in space, including asteroids.

Source: The Guardian
Published: Sep 15, 2017
Length: 21 minutes (5,300 words)
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