The Problem of Taxation
Taxes. They’re the bane of the existence of honest and hard-working people everywhere. We’d much rather preserve our capital for the benefit of our families and for important charities than pay the bill for all manner of government waste and inefficiency—often in the service of projects we would rather not support.
In light of this reality, while it is our legal responsibility to pay the taxes that we owe, it is our moral responsibility as stewards of the wealth we have been given to keep as much as legally possible out of the government’s unreliable and irresponsible hands. But how?
One strategy is to take advantage of tax havens.
While our treatment of this subject is not yet complete, let’s get started exploring the possibilities that tax havens offer. Here is a short outline of the major topics with outline links to completed sections of the discussion, followed by card links to the major components of “the tax haven solution”:
- Tax Havens: A Short Introduction
- A Guide to Offshore Banking and Investments
- How Secure are Tax Havens?
- A Guide to Countries without Income Taxes
- The Top 10 Caribbean Tax Havens
- Life in the Caymans: Not So Taxing
- Could Moving to Puerto Rico Reduce Your Taxes?
- The Top 11 European Tax Havens
- Swiss Bliss: A Legal Pathway to Lower Taxes (coming TBA)
- The Top 5 Asian Tax Havens
- Offshore Cryptocurrency Accounts as a Tax Reduction Strategy (coming TBA)
- Getting Help with Offshore Finances (coming TBA)
- A Taxing Escape: Offshore Finance in a Nutshell (coming TBA)
The Tax Haven Solution
Tax havens are jurisdictions around the world where the tax laws are lenient or non-existent. The oldest tax havens in the contemporary world are places like Switzerland, Liechtenstein, and Panama, which have each had this status for about a hundred years… Continue reading
Offshore accounts: they’re not just a tax reduction strategy for the rich. They can be useful for anyone concerned about their financial future. Rich or not so rich, then, let’s explore some of the possibilities and complications of moving money offshore. The complexity of the tax system in developed countries, the United States in particular … Continue reading
Scrutiny of offshore banking accounts and financial activities has increased and a variety of national and international organizations are applying pressure to establish treaties and exchange agreements that would eliminate the tax advantages that tax havens provide. Many countries are not happy about the existence of tax havens that lower the amount of money they … Continue reading
Many Caribbean nations are pure tax havens that offer tax security to business owners and investors because of their financial privacy laws, non-existent income taxes, and non-existent corporate taxes. These nations became tax havens to attract foreign investment, bolster their own economies, and reduce their dependence on foreign nations, though their effectiveness has been curtailed … Continue reading
When the words “tax haven” are uttered, the Cayman Islands are one of the first locations that come to mind. The Caymans are one of the most well-known tax havens on the planet. The Cayman Islands have no income taxes, no property taxes, no capital … Continue reading
Since the United States taxes based on citizenship, if you’re an American citizen or permanent resident, the IRS will follow you all over the world, demanding you pay taxes on everything you earn, even if no US resources were involved in generating your income. Even moving to a country with no income taxes won’t reduce what you have to pay to Uncle Sam on the income you generate… Continue reading
Extending from western Europe into the Caucasus, countries as diverse as Switzerland and the Republic of Georgia function in a variety of ways as tax havens. These countries provide a refuge from high income tax rates, capital gains taxes, and corporate taxes. Consequently, they have attracted a variety of tax refugees, including large companies and private investors, seeking to … Continue reading
Swiss Banks and Financial Secrecy
While no Asian countries function as a pure tax havens, various locations in Asia have governmental structures, banking, and finance laws beneficial both for individuals and for businesses concerned about reducing their taxes, protecting their assets, expanding their investment strategies, and having confidentiality in their banking and financial transactions… Continue reading
Offshore Cryptocurrency Accounts as a
Tax Reduction Strategy
Getting Help with Offshore Finances
A Taxing Escape:
Offshore Finance in a Nutshell