World's largest tax haven

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.

Cayman Islands? Switzerland? Luxembourg? Calling the US a "tax haven" is a bit silly, really.

Originally posted by KazetNagorra
Cayman Islands? Switzerland? Luxembourg? Calling the US a "tax haven" is a bit silly, really.

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 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

Originally posted by Metal Brain
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.

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.

Originally posted by badmoon
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.

Nobody is forcing you to post on my thread, yet you do.

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 badmoon
Christ, either say what it is or don't mention it.

While I'm pretty sure his real name is not "Metal Brain" I'd also hazard a guess that he's not the risen Messiah either.

Originally posted by Metal Brain
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.

I don't know of the site owner but those were pretty surprsing figures and statements. At least to me.

Originally posted by Metal Brain
It depends on what country you live in and what works best for you. Here is an except from the link below:
________________________________________________________________
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

I'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.

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.