Top 10 Overlooked Tax Havens
Another good article from AskMen's Fine Living section, this one talks about how to protect your money, and of course avoid all of those nasty taxes that we all love so much. From the article:
When people think about tax havens and storing away money, they generally think of two places: Switzerland and the Cayman Islands. Both are international money centers that pride themselves on their confidentiality and their avoidance of geopolitical situations.In Switzerland, privacy laws within the banks keep the tax authorities from looking into your account. However, the growing influence of the Organisation for Economic Co-operation and Development (OECD) is putting pressure on this nation and many others in the Caribbean (including the Cayman Islands) to be more transparent about earnings and interests.
While these two places stand out as the most recognized places to hide your earnings, they may not be the most suitable for your investments. In this time of enormous pressure from the international community, it may be wise to look to the less obvious places.
In general, a tax haven is defined as a place where taxes are levied at low rates or not at all, with the most popular ways of avoiding taxes being to set up residence there or to establish an offshore company.
For the full list of countries, you can hit the site HERE.
Posted by Ghostshark under Money | Comments (0)