European Tax Havens

United Kingdom

After-tax income on $200,000 earnings: $137,000
Notable loophole: Foreign income tax exempt
Big city rental rate: $5,680

Switzerland

After-tax income on $200,000 earnings: $177,000
Notable loophole: Cantons can charge extra income tax
Big city rental rate: $2,510

Monaco

After-tax income on $200,000 earnings: $200,000
Notable loophole: Some inheritance and gift taxes and stamp duties
Big city rental rate: $8,250

Lichtenstein

After-tax income on $200,000 earnings: $164,000
Notable loophole: Net worth taxed 1%; capital gains treated as income
Big city rental rate: $2,840

Jersey & Guernsey

After-tax income on $200,000 earnings: $160,000
Notable loophole: No corporate tax in either country starting in 2008

Italy

After-tax income on $200,000 earnings: $175,000
Notable loophole: Very low personal tax on $272,000 or less near Lake Lugano
Big city rental rate: $3,540

Isle of Man

After-tax income on $200,000 earnings: $164,000
Notable loophole: No capital gains, inheritance or gift taxes

Ireland

After-tax income on $200,000 earnings: $140,384
Notable loophole: Foreign income tax exempt
Big city rental rate: $2,720

Gibraltar

After-tax income on $200,000 earnings: $110,000
Notable loophole: Overseas income, if taxed locally, are exempt from Gibraltar taxes

Austria

After-tax income on $200,000 earnings: $200,000
Notable loophole: Non-citizens don't have to pay Austria's taxes
Big city rental rate: $1,800