Friday, April 3, 2009

The World's Top Tax Havens













United States
What's that? Yes, seven states offer a version of an "asset protection" trust, but they aren't always bullet proof. Assets can't be transferred to avoid creditors, and creditors having claims on the assets before they're put in the trust have two years or more to get a judgment against them.













Lichtenstein
Foreigners can open trusts anonymously by registering them through a local attorney or trustee. But watch out. Lichtenstein was the epicenter of a scandal earlier this year involving spies hired by the German tax authority to check up on German citizens "offshoring" there.














Bermuda
No income tax, profit or capital gains taxes and no withholding tax. Plus pink sand. Whole companies, like Tyco International, have moved here, much less individuals opening accounts.













Dubai
Dubai offers a vast talent pool and low taxes. The emirate is just one hour ahead of Moscow, a five-hour flight, offering obvious proximity advantages to Russian investors and funds.

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