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 Tax-Free Caymanian Life Tax Laws in the Cayman Islands The Cayman Islands have no income taxes, no property taxes, no capital […]
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Extending from western Europe into the Caucasus, countries as diverse as Switzerland and the Republic of Georgia host a variety of tax havens. These countries provide a refuge from income taxes, capital gains taxes, and corporate taxes. In consequence, they have attracted a variety of tax refugees, including large companies and private investors, seeking to […]
24 min read
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. → GAO: International Taxation and Tax Havens → OECD: List of Uncooperative Tax Havens […]
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The FIRE movement means Financial Independence, Early Retirement. The goal of the FIRE movement is to allow younger individuals to retire early with financial freedom by cutting expenses, saving money, and investing wisely. This movement has been around since the early 2010s. It has been embraced by many people today who want to harness all […]
12 min read
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 […]
10 min read
The idea of living a life free of income taxes is exhilarating, but the reality of achieving it is easily perceived as difficult and inconvenient to the point of being daunting. For example, the first thing you might think to try is taking advantage of the so-called 183-Day Rule and regularly moving from country to […]
18 min read
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 […]
7 min read
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, […]
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