@VeroniqueB99 looking forward to the grand firewall blocking all internet to all #taxheaven: #Cayman #Bermudas #Ireland

#offshore #wealth #hiding #taxjustice now! in: 1 ๐Ÿ‡ญ๐Ÿ‡ฐ #HongKong $2.8T 2 ๐Ÿ‡จ๐Ÿ‡ญ #Switzerland $2.6T 3 ๐Ÿ‡ธ๐Ÿ‡ฌ #Singapore $1.6T 4 ๐Ÿ‡ฑ๐Ÿ‡บ #Luxembourg $629B 5 ๐Ÿ‡ฏ๐Ÿ‡ช #Jersey $281B 6 ๐Ÿ‡ง๐Ÿ‡ญ #Bahrain $270B 7 ๐Ÿ‡ฐ๐Ÿ‡พ #CaymanIslands $239B 8 ๐Ÿ‡ต๐Ÿ‡ฆ #Panama $187B 9 ๐Ÿ‡ฒ๐Ÿ‡ด #Macao $147B 10 ๐Ÿ‡ฎ๐Ÿ‡ฒ #IsleofMan https://www.visualcapitalist.com/ranked-the-worlds-top-10-tax-havens/

Ranked: The Worldโ€™s Top 10 Tax Havens

Hong Kong tops the list with over $2.8 trillion.

Visual Capitalist

@Linknation @VeroniqueB99 The problem here is that one man's "business model" is another man's tax heaven.

Corporate tax haven Delaware

South Dakota unveiled as a tax haven for the ultra-rich

The Pandora Papers states, "By 2020, 17 of the world's 20 least-restrictive jurisdictions for trusts were American states, according to a study by Israeli academic Adam Hofri-Winogradow."

While the rest of the world execute the transparency laws, the USA is one of the last places that does not.

@Linknation @VeroniqueB99
But it's not only US states.

Germany is traditionally well known for its lax handling of money-laundering and KYC requirements. So for decades billions were discretely invested there. With sellers not asking too many irritating questions why you are paying for the mansion cash, and where the cash come from. (That's a case of a jurisdiction that has the laws on the books, but is very "economic" with enforcement. ๐Ÿ˜† )