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The First Carbon Tax was Introduced in Finland in 1990

Finland was the first country in the world to introduce a CO2 tax in 1990. Subsequently, many countries have followed suit and introduced their own versions of a carbon tax.

The Enterprise Investment Scheme of 1994

The Enterprise Investment Scheme (EIS) was launched in 1994 to encourage investments in small unquoted companies carrying on a qualifying trade in the United Kingdom.

Debt Recycling

Debt recycling is a three-tiered financial strategy that aims to generate future wealth, reduce the home loan, and minimise tax. 

1974 – Suit Leasing Scheme

In 1974 the UK’s top marginal tax rate of 83% applied to incomes over £20,000 (equivalent to £200,000 in 2018).

1973 - Nugent Hand Bank

Nugan Hand Bank was an infamous Australian merchant bank that was involved in drug smuggling, arranging weapons deals, providing a front for the United States CIA, money laundering and tax evasion schemes (including the Bottom of the Harbour).

1970 – Bottom of the Harbour Tax Avoidance

Bottom of the harbour tax avoidance schemes involved stripping a company of its assets and leaving it with unpaid tax liabilities.

1953 – Captive Insurance Companies

A captive insurance company is where a parent group creates its own licensed insurance company to provide coverage for itself.

The Bachelor Tax of 1927

The first bachelor tax was introduced in 9 AD by emperor Augustus to encourage marriage. It was called the ‘Lex Papia Poppaea’, and apart from taxing bachelors also taxed married people with no children, and those who were celibate.

The Liechtenstein Foundation of 1926

The Liechtenstein foundation has its legal basis in the Persons and Company Law (PGR – Personen- und Gesellschaftsrecht) of January 20, 1926, and is extremely flexible as it may pursue any lawful purpose.

Switzerland Became the First True Tax Haven in 1918

Switzerland was the first ‘true’ tax haven and became a tax haven immediately following World War I.

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