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Tax Havens

Anguilla

Anguilla is a popular tax haven, having no capital gains, estate, profit or other forms of direct taxation on either individuals or corporations.

Andorra

The banking sector, with its tax haven status, accounts for 19% of the economy. Andorra has long benefited from its status as a tax haven, with revenues raised exclusively through import tariffs.

Using Tax Havens to Hide from the Law

Fugitives often use tax havens as a refuge when fleeing from jail, government arrest, government or non-government questioning, vigilante violence, or outraged private individuals.

Corruption and Tax Havens

Tax havens play an important role in fostering corruption as they reduce or eliminate transparency.

Global Elite Hide Money from Their Exes in Tax Havens

The recent Panama Papers leak revealed how the global elite use offshore companies in tax havens to send money abroad to keep it away from their future exes.

Fraud Using Tax Havens

Many frauds involve using tax havens, as their confidentiality and secrecy aid fraudsters.

Belize, Drugs and Money Laundering

Belize, located on the coast of Central America, is known in the global arena for attracting many North American drug trafficking entities.

Money Laundering Using Tax Havens

Money laundering is the process of transforming the profits of crime and corruption into ostensibly ‘legitimate’ assets, and the hiding of income/wealth from Governments to avoid taxation.
Money laundering is the process of transforming the profits of crime and corruption into ostensibly ‘legitimate’ assets, and the hiding of income/wealth from Governments to avoid taxation.

Tax Evasion - Illegal Use of Tax Havens Amounts to $6 Trillion

Around four-fifths of money in offshore bank accounts is there in breach of the tax laws of other countries.

Paying Higher Interest Rates to Attract Foreign Investment

As developing countries are higher risk than developed countries, they must pay higher rates of interest to attract foreign investment.

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