Tax Havens

Aruba

16 March 2018

Capital city:                Oranjestad    Currency:                    Aruban florin (AWG)    Population:               104,822    Language:                  Dutch     GDP:                   …

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Antigua

9 March 2018

In 2006 the United States legislated the Unlawful Internet Gambling Enforcement Act which criminalised the operations of offshore gambling operators which take wagers from American-based gamblers. This was a violation of the GATS treaty obligations enforced by the World Trade Organisation (WTO) and allowed Antigua to retaliate and disregard intellectual property obligations to the US.…

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Tax Savings Strategy 199 | Migrant Language Training

8 March 2018

Language training courses designed to teach English or explain Australian citizenship and lifestyle to a person who is, or intends to become, an immigrant of Australia are tax deductible to the employer and FBT exempt. The travel costs incurred are also exempt. To qualify for the exemption the following conditions must be satisfied: The benefit…

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Anguilla

2 March 2018

   Capital city:               The Valley     Currency:                   East Caribbean dollar (XCD)     Population:               14,764   Language:                  English     GDP:                   …

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Andorra

23 February 2018

Capital city:                Andorra la Vella Currency:                    Euro (EUR)   Population:                77,281   Language:                  Catalan     GDP:                     …

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Tax Savings Strategy 202 | Uber Partners

22 February 2018

This strategy is about using your private vehicle to operate an Uber business and make additional income (whilst at the same time making your private vehicle expenses tax deductible).  Deductible Uber business expenses include: Fuel Registration Insurance Repairs, tyres and maintenance costs. Depreciation on the car purchase cost. Car purchase cost (if less than $20,000)…

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Using Tax Havens to Hide from the Law

16 February 2018

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. When hiding from law enforcement agencies taking refuge in a different country makes sense.  Tax haven countries can be attractive to fugitives as they: Are easy to enter and gain residency. Have…

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Corruption and Tax Havens

9 February 2018

Corruption is a form of dishonest or unethical conduct by a person entrusted with a position of authority, often to acquire personal benefit. Government or political corruption occurs when an office-holder or other governmental employee acts in an official capacity for personal gain. Corruption creates the opportunity for increased inequality, reduces productivity, growth, investment and…

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Global Elite Hide Money from Their Exes in Tax Havens

2 February 2018

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. These high-flyers are seeking to make sure their soon-to-be ex-wives and husbands don’t obtain half of their fortunes after a breakup.  Spouses in divorce proceedings often use…

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Fraud Using Tax Havens

26 January 2018

Many frauds involve using tax havens, as their confidentiality and secrecy aid fraudsters. In law, fraud is the deliberate deception to secure unfair or unlawful gain or to deprive a victim of a legal right. The purpose of fraud may be a monetary gain or other benefits, such as obtaining a driver’s licence or qualifying…

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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2