tell me about tax havens

Tell Me aboutTax Havens

Byhttp://robertgirga.com/RobertGirga/

Many individuals decide to bank, do business, set up

retirement trusts, and retire offshore because many offshore

jurisdictions are tax havens. http://robertgirga.com/RobertGirga/

The term tax haven refers to a jurisdiction that is tax advantaged in some way.

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Not all tax haven jurisdictions are alike.

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Depending upon the needs of a corporation or individual, different one offshore jurisdiction

will be more appropriate than another.

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What are the advantages of a tax haven? A so called tax

haven may levy no significant taxes. It may have very low

tax rates.

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. It may only tax income earned in the country. Some jurisdictions may have tax treaties with your nation of

origin barring double taxation of income.

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Besides, similar to tax incentives offered in countries around the world, an offshore

tax advantaged jurisdiction may offer want to attract investment with special tax treatment for

investment, for retirees moving to the country, and the like.

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For companies setting up business in an offshore jurisdiction there can be

meaningful tax incentives such as long term forgiveness of taxes for investing in a wide range of businesses and/or for

employing local people. http://robertgirga.com/RobertGirga/

Here are six broad classes of tax havens as of this writing.

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The Jurisdiction Does Not Levy Any Taxes

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No tax, tax havens include the Bahamas and Bermuda, Anguilla and the Cayman Islands, Nevis, Turks and

Caicos, as well as St. Vincent, and Vanuatu.

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Only Income Gained in the Jurisdiction is Taxed

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Countries such as Panama, Costa Rica, and Belize in

Central America, Gibraltar, Liberia, and Hong Kong only

tax your income if you obtain it from investments and business

in that tax jurisdiction.

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No Double Taxation Plus Low Taxes

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Nations that provide the benefit of no double taxation

plus low tax rates include Singapore, Luxembourg, the Netherlands, the Netherlands Antilles as well as the British

Virgin Islands.

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Unique Tax Laws

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The Isle of Man and the Channel Islands have a

number of unique laws and provisions that are attractive to those wishing to reduce

their tax burden.

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Individuals Get a Break

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Monaco, Andorra, Sark, and Campione d’Italia all provide individuals with unique and

often beneficial tax treatment.

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Tax Advantaged Jurisdictions for Businesses

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International business companies often find favorable tax laws in Jamaica, Montserrat, Grenada,

Barbados, and Antigua.

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It Is Not All JustAbout Taxes

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When you plan to set up business offshore remember that the laws of the country regarding

offshore businesses may be crucial.

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You would like to obtain the lowest possible tax rates or

not pay any taxes.

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However, if local rules and regulations make it hard to do business this may offset any

tax advantages. http://robertgirga.com/RobertGirga/

Investigate, get good advice, think about it before making a

decision.

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For help in this regard contact www.RobertGirga.com.

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You will probably want to set up a wide offshore solution for managing business, assets,

retirement, and privacy measures.

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You will probably want to set up a wide offshore solution for

managing business, assets, retirement, and privacy

measures. http://robertgirga.com/RobertGirga/

Make sure that your choice of tax haven does not interfere with your use of a Panama Private Interest Foundation, Belize Corporation,

or New Zealand Trust.

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With these facts in mind it is important when addressing the

issues of offshore taxes, business, retirement, and living

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to obtain the help of competent counsel.

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The World Changes, Even tax Havens

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An excellent reason for retaining competent and

reliable counsel in choosing a tax haven is that tax laws,

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like all laws, can change.

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Working with competent counsel will help you choose a

stable situation

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in a stable jurisdiction not likely to modify their laws

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Working with an expert in the field will allow you to receive the most up to date

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and accurate advice

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when setting up a wider offshore solution to reduce or eliminate tax liability, maintain privacy, and do business most

profitable offshore.http://robertgirga.com/RobertGirga/

NOTE:This article is a general

description of tax advantaged jurisdictions.

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We describe how to approach the issue of reducing taxes.

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Please seek the advice of competent counsel before choosing a jurisdiction in

which

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to do business, bank your money, retire, or set up a private interest

foundation or corporation.

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Contact us today at www.RobertGirga.com