From the category archives:

Taxes & Investment

Offshore Company Formation, Owner Secrecy & Anonymity

by Elliot Clark on April 24, 2012

The main advantage of offshore companies is that it provides very low or zero tax regime and also provides strong secrecy and anonymity than normal companies do. Apart from that there are several other advantages that offshore companies have: – Easiness of Reporting – the reporting requirements to the authorities varies from jurisdiction to jurisdiction, […]

{ 0 comments }

Offshore Investing Disadvantages, Loopholes, Tax Avoidance

by Elliot Clark on December 13, 2009

Although offshore investing provides wide range of benefits for its users, it has several important disadvantages that one should take into consideration before engaging in offshore investing: Stricter Tax Laws: developed countries and especially USA continuously mold their legislation to eliminate tax avoidance practices that arise with the use of offshore investing. Although the loopholes […]

{ 0 comments }

Offshore Investing, Tax-Free Investment Opportunities

by Elliot Clark on December 13, 2009

Offshore investing is about investing tactics taking advantage of opportunities that are available outside the country, where investor resides. There are several advantages of offshore investing: Tax Incentives: very often investors choose to invest abroad (usually in offshore banking centers), because host country’s business environment offers tax advantages that are not available in investor’s home […]

{ 0 comments }

Tax evasion is a problem that concerns both developing and developed countries, however to different extent: in developing countries tax evasion practices are extremely widespread, while in developed countries evasion rates are substantially lower, but still existent. Some of the reasons that facilitate tax- evasive behavior are weakness of tax administration, low tax education and […]

{ 0 comments }

Generally by tax evasion economists mean actions of individuals, businesses or any other entities to evade tax payments in illegal ways. Usually these actions involve intentional underestimation or hiding of the tax base and in this way decreasing tax liability. Tax evasion is illegal practice and is subject to severe criminal charges in vast majority […]

{ 7 comments }