In case you need to hide your money. The concept of a tax haven has spread from Europe to throughout the world. Countries seeking investments will establish laws allowing people to place money with little taxation or even hide it. While criminals like to use tax havens, the largest like the Cayman Islands lead the way in anti-money laundering campaigns.
One thing needed to be a tax haven is stability. No one wants to invest their money in a kleptocracy. That is the primary reason Africa has so few tax havens. The Caribbean and Central America have the most established, trusted tax havens because of stability in the countries and the strong ties to their former European colonial masters.
One thing needed to be a tax haven is stability. No one wants to invest their money in a kleptocracy. That is the primary reason Africa has so few tax havens. The Caribbean and Central America have the most established, trusted tax havens because of stability in the countries and the strong ties to their former European colonial masters.
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