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Tax Havens

Locating Holding Companies

Locating a holding company in a tax haven can be used to bring together investors from various countries who are investing in businesses that are in turn operating in numerous countries.

Legal Reasons to Use a Tax Haven

Many taxpayers, especially multi-national corporations, can legally save tax by structuring their affairs to use a tax haven.

Who Uses Tax Havens?

Tax havens can be used by individuals, small businesses, large businesses, Fortune 500 companies, governments, charities, and non-profit organisations.

Wealth in Tax Havens

The Tax Justice Network (an anti-tax haven pressure group) estimated that capital held offshore amounted to between $21 trillion and $32 trillion (between 24–32% of total global investments).

Benefits for Tax Haven Countries

Countries restructure and redesign their tax system to become a tax haven for two main reasons – jobs and money.

Oldest Tax Haven

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

What is a Tax Haven?

The term most commonly refers to those countries or jurisdictions that have a low-tax or no-tax regime or which offer generous tax incentives.

Cyprus

To secure a financial assistance package necessary to keep the banking system afloat, in 2013 the country agreed to unprecedented terms with the EC, the European Central Bank and the IMF.

British Virgin Islands

Although there is still technically income tax assessed in the British Virgin Islands, the rate of taxation has been set at zero.

Mauritius

Mauritius was predominantly an Indian tax haven. Between April 2000 to March 2016, financiers channeled $95.9bn of Indian investments through Mauritius. 

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