Legal Reasons to Use a Tax Haven

Without doubt, the dominant legal reason to use tax havens is to save tax. Many taxpayers, especially multi-national corporations, can legally save tax by structuring their affairs to use a tax haven. 

Apple, for example, has saved US$86 billion in US taxes by funnelling revenue through its tax haven entities and leaving the profits overseas. Currently they have $US246 billion sitting in tax haven bank accounts (which is 77% of their 2016 balance sheet assets).