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Tax Havens

Double Tax Treaty Manipulation

Double taxation is the levying of tax by two or more jurisdictions on the same declared income, asset or financial transaction.

Living in a Tax Haven

Generally, individuals who are deemed to reside in their country will be tax residents and taxed on their worldwide income.

Non Disclosure of Income from Tax Havens

Income generated from assets held in tax havens is often not disclosed, or included, in the controlling taxpayer’s tax returns.

Basing a Holding Company in a Tax Haven

A holding company is a parent corporation that owns enough voting shares in another company to control its policies and management.

Costa Rica

Many foreign companies (manufacturing and services) operate in Costa Rica's Free Trade Zones where they benefit from investment and tax incentives.

Chile

Taxpayers, both individuals and companies, without a residence in Chile, only pay tax on their Chilean income.

Cape Verde

Companies, not having their head office or place of effective management in Cape Verde territory, are only subject to tax on income obtained in Cape Verde.

Canada

Canada has emerged as a tax haven for the global elite, who create shell companies with figurehead directors to evade or avoid taxes.

Campione d'Italia

Campione residents pay no income tax, no inheritance tax, no gift tax, and no value added/sales tax.

Brunei

Brunei is an attractive tax haven as it has no income taxes, no exchange controls, and has economic and political stability.
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