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{\rtf\ansi\deff0 \r\n{\fonttbl{\f0 Times new Roman;}{\f1 Tahoma;}{\f2 Arial;}{\f3 Verdana;}} {\colortbl;\red0\green0\blue0;\red102\green102\blue102;\red0\green0\blue153;\red51\green51\blue51;} {\info {\title Introduction of Tax Havens} {\subject Introduction of Tax Havens} {\author Dennis} {\company The Tax Haven Report, Insiders Guide - Global eBusiness, Inc} {\keywords Introduction of Tax Havens, tax havens, lower tax rates, offshore financial center,offshore corporate tax havens,} } \deftab1298 \paperw11907 \paperh16443 \margl1701 \margr1701 \margt567 \margb1134 {\header {\pict\picwgoal0\pichgoal0\pngblip }\par \pard \ql {\fs20 \f1 \cf2 \par} \pard \ql {\fs28 \f2 \cf3 Introduction of Tax Havens} \par \pard \ql {\fs20 \f1 \cf2 Written by Dennis} \par \pard \ql {\fs20 \f1 \cf2 Last Updated: Tuesday, 01 December 2009} \par \pard \ql {\fs20 \f1 \cf2 The Tax Haven Report, Insiders Guide - Global eBusiness, Inc (http://globalebusinessinc.com)} \par \pard \ql {\fs20 \f1 \cf2 \par} \par } {\footer \pard \ql {\fs16 \f3 Powered by Elxis 2009.0 (Pandora). Copyright (C) 2006-2010 Elxis.org. All rights reserved.} \par } \cols1 \pard \ql {\fs18 \f3 \cf4 \line \par \line \b \b Introduction of Tax Havens: Part 1.\b0 \b0 \line \par } \par \pard \ql {\fs22 \f0 \par} \pard \ql {\fs18 \f3 \cf4 When someone says \b tax havens or offshore banking,\b0 the first thought that pops into mind is \i illegal financial transactions and money laundering,\i0 followed very closely by dons and mafia heads. These are just stereotypes promoted by the media and moviemakers , but then one might ask, what exactly is a tax haven? Simply put, a \i tax haven\i0 is an offshore jurisdiction with lower tax rates, which attracts corporations to register with them as legal entities and benefit from lower tax rates of zero tax rates on certain types of income. \line \line \b As tax havens as a term,\b0 sometimes have negative connotations, the emerging trend is to call them \b corporate tax havens\b0 . The nomenclature is different but the purpose is the same. It is an offshore financial center which has tax friendly legislature, that allows companies registered within it to operate at greater profits by paying lower or zero taxes. \line \line \b Unlike common misconceptions not all offshore corporate tax havens are glamorous islands with bikini clad babes!\b0 Yes quite a few of them are islands in warm locations but there are other locations like Delaware in USA and Isle of Man which are considered to be tax havens too. These offshore financial centers offer comparable levels of tax to more exotic offshore locations and, in some cases, offer far greater benefits. Unsurprisingly, the \b Offshore Financial Centers\b0 friendly to corporate also include the famous tax havens of the Cayman Islands and Bermuda.\line \line \b Why would a country want to declare itself as a tax haven?\b0 Because by offering a number of tax benefits enticing corporations to register in their domicile, the government of the country benefits from increased local employment and naturally taxation of the employees upon their income, which would not have occurred otherwise.\line \line \b Despite being seen by the OECD as \uc0\u8216 harmful to the global economy\uc0\u8217 ,\b0 one could argue that \i offshore tax havens\i0 actually promote business and revenue. An illustrative example would be :If a company is just breaking even, it is unlikely to prosper and grow. The business owner may well give the business up and move on to a different venture. If the company is domiciled in a \b corporate tax haven\b0 , then the owners have to pay less tax. This makes the business substantially more viable and more likely to grow and develop and become a prosperous business in time. Therefore, it could be argued that tax havens and corporate offshore financial centers actually help businesses to keep making money and employing staff and, consequently, becoming successful. \par } \par \pard \ql {\fs22 \f0 \par} \pard \ql {\fs18 \f3 \cf4 \line \par } \par \pard \ql {\fs22 \f0 \par} \pard \ql {\fs18 \f3 \cf4 \line } \par \pard \ql {\fs22 \f0 \par} \pard \ql {\fs18 \f3 \cf4 \par \par \b \line WARNING! \b0 \b Books written before 2009 \uc0\u8220 might\uc0\u8221 contain \uc0\u8220 outdated\uc0\u8221 information! \b0 \line You might get valuable information on Offshore Tax Havens but, you should consider all books written before 2009 for \uc0\u8220 educational purpose only\uc0\u8221 further than \uc0\u8220 hardcore and bullet proof\uc0\u8221 facts. Books, articles and other content written before 2009 might contain outdated links to reliable sources. \line \b "Up To Date Offshore Tax Havens Information"\b0 can be found inside our private member area. Tax Informants Are On The Loose (http://www.forbes.com/forbes/2009/1214/investment-guide-10-ubs-irs-spondello-tax-informants-on-loose.html) \par } \par \pard \ql {\fs22 \f0 \par} \pard \ql {\fs18 \f3 \cf4 Buy Full 1. Month access to our Up To Date Information. (http://www.globalebusiness.eu/e-business/register.php)} \par \pard \ql {\fs22 \f0 \par} }