Originally posted by KazetNagorraIt depends on what country you live in and what works best for you. Here is an except from the link below:
Cayman Islands? Switzerland? Luxembourg? Calling the US a "tax haven" is a bit silly, really.
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The United States ranked first among tax havens in the advocacy group's last report from 2009. The methodology was changed this year to account for how egregious a country's secrecy is considered, with less emphasis on the size of its economy.
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http://www.reuters.com/article/2011/10/04/us-tax-secrecy-idUSTRE7926VN20111004
The following link recommends Guatemala.
http://www.panamalaw.org/read_this_first_why_go_offshore.html
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Originally posted by Metal BrainChrist, either say what it is or don't mention it. These links are such a lazy way to communicate.
I heard this mentioned and thought I would present it to the forum to see where it goes.
http://www.lectlaw.com/filesh/bbg33.htm
Feel free to comment.
Speak, don't link. Have you no brain?
I can find my own www this or www that. But I'm not going to bore you or waste your time with it. Jesus, you think that none of us go to the net, we are able to read this tripe becuase we are already on the damn net.
Damit but I'm pissed off today. I won't say why but I'm laying it out on this site.
Originally posted by badmoonNobody is forcing you to post on my thread, yet you do.
Christ, either say what it is or don't mention it. These links are such a lazy way to communicate.
Speak, don't link. Have you no brain?
I can find my own www this or www that. But I'm not going to bore you or waste your time with it. Jesus, you think that none of us go to the net, we are able to read this tripe becuase we are already on the damn net.
Damit but I'm pissed off today. I won't say why but I'm laying it out on this site.
The link is self explanatory. Perhaps you are too lazy to read the link or don't like the implications.
I said feel free to comment and you did just that. I was hoping the comment would be about tax havens though. After all, it is the title of this thread.
Originally posted by Metal BrainI've never considered USA as a tax haven, but it sure offers a low tax burden compared to some countries. Just look at Mitt's tax burden.
It depends on what country you live in and what works best for you. Here is an except from the link below:
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The United States ranked first among tax havens in the advocacy group's last report from 2009. The methodology was changed this year to account for how egregious a country's secrecy ...[text shortened]... ng link recommends Guatemala.
http://www.panamalaw.org/read_this_first_why_go_offshore.html
Important to remember is that tax rules are very complex and while a country may look interesting from a corporate tax pow it may not come out favorable from an individual tax pow. Also income, wealth and consumption is taxed differently.
All of this is a matter of how sovereign countries chose to fund the services they deem necessary within their borders.
Where the word "tax haven" comes to its right is where companies or individuals choose to hide part of their income stream or part of their wealth or to divert that income or wealth to an other territory than where they would naturally incur taxation.
I think you should pay your tax, and be happy for the services your country give in return.
If you are not happy about your country consider moving, but can't recommend doing it for tax reasons.