@VeroniqueB99 looking forward to the grand firewall blocking all internet to all #taxheaven: #Cayman #Bermudas #Ireland
#offshore #wealth #hiding #taxjustice now! in: 1 🇭🇰 #HongKong $2.8T 2 🇨🇭 #Switzerland $2.6T 3 🇸🇬 #Singapore $1.6T 4 🇱🇺 #Luxembourg $629B 5 🇯🇪 #Jersey $281B 6 🇧🇭 #Bahrain $270B 7 🇰🇾 #CaymanIslands $239B 8 🇵🇦 #Panama $187B 9 🇲🇴 #Macao $147B 10 🇮🇲 #IsleofMan https://www.visualcapitalist.com/ranked-the-worlds-top-10-tax-havens/
@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. 😆 )
Vee
Linknation
Andreas K