Tax havens and offshore companies

Abstract

Tax Havens are extremely important for the present society, because they are territories or countries with low or even zero tax rates which offer confidence, security and tax advantages to non-residents. For this reason, Tax Havens become a competition for the State because, many companies, in order to avoid taxes, open their businesses in these territories. In addition, all over the world is a great diversity of tax rates. Therefore, the aim of this present study is to carry out a specific investigation on Tax Havens and also, to analyze different aspects associated with the creation of Offshore Companies. The study is divided in two parts; the first one is based on summarizing the most important information in order to have a basic knowledge of Tax Havens, and the second one is linked to Offshore Companies. The information has been collected from historical, geographical, economic, legislative and fiscal sources.