What is tax haven
>>> Tax havens.
(Eng. tax exile) Oasis countries are those countries that have a significantly lower tax level (taxes) than inland. From the point of view of the financial administration, this primarily includes the following countries: Bahamas, British Channel Islands, Cayman Islands, Liechtenstein, Isle of Man, Monaco, Netherlands Antilles, Panama and certain cantons of Switzerland.
Taxhaven. Countries or financial centers with an exceptionally low level of taxation or with tax exemption for certain, often financial, transactions. Offshore banking e.g. B. takes place predominantly in tax havens or from there.
Low tax country
(Tax havens) Low-tax countries that levy either no tax or significantly lower taxes than most industrialized and developing countries. Typical tax havens are e.g. B. Switzerland, Liechtenstein, Bahamas, Monaco, Cyprus. The tax differential between the tax havens and the other countries is an incentive to shift wealth and income from high to low tax countries, e.g. B. by founding base companies. Measures against capital flight are limited in their effectiveness if the tax gap is exploited using legal possibilities (e.g. relocation of residence).
are states in whose territory no or only low taxes are levied. Such tax havens are e.g. the Bermuda Islands, the Bahamas and (with restrictions) Liechtenstein and Monaco. Tax havens are the preferred seat of mailbox companies.
In socialist economics: countries with no or very low taxes on property or income, which are easily accessible to foreign income and assets and which offer tax evaders considerable economic advantages.
As a rule, tax havens are small states or independent islands. The German tax losses due to tax havens in the EU are estimated at 50 to 60 billion marks annually.
Certain countries that either levy no taxes or only low taxes, such as B. Switzerland, Liechtenstein or the Bahamas.
Ref. For countries that levy either no or significantly lower taxes than the other countries or grant tax privileges for certain incomes and assets. Such a tax differential creates an incentive to shift income and assets from high-tax to low-tax countries. For the purpose of tax savings, there are therefore relocations of residence and the establishment of base companies. Well-known "tax havens" are, for example: the Bahamas, the Bermuda Islands; with restrictions also Liechtenstein, Luxembourg, Monaco, Switzerland.
Low-tax countries in which no taxes are levied at all or in which the tax liability consists of an annual flat rate. This applies to both natural and legal persons. The preferential tax treatment can be limited to persons who do not have their permanent place of residence or their main seat in the »tax haven«. So is z. For example, the tax burden for "locals" in Luxembourg is as high as in the Federal Republic. The tax privileges can also only be limited to certain types of company or purposes (e.g. investment companies or trusts). The External Tax Act regulates further on this topic.
In an offensive against tax evasion and money laundering, the Organization for Economic Cooperation has called on the federal states to amend their tax legislation by 2005.
The countries listed below apply inter alia. as "tax havens":
Alderney (Channel Island) Jersey (Channel Island)
Andorra Virgin Islands
West Indies Liberia
Cayman Islands Sark (Channel Island)
Costa Rica San Marino
Faroe Islands Singapore
Gibraltar Vanuatu (New Hebrides)
Guernsey (Channel Island) Vatican
Isle of Man Cyprus
The following table shows possible advantages in well-known tax havens:
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