Are Tax Havens Out of Business after the G20 Tsunami? By Giovanni Caporaso Ever since the times of De Gaulle we have continue to hear that tax havensare over with. The last meeting of the G20, put another nail in the coffin with the publication of black list and grey list fiscal shelters, even though the official lists should be drawn up and published shortly by the Organization for Cooperation and…
These are very low tax-laden jurisdictions, with very friendly tax regimes for those who decides to put their money in the banks. For pensioners and those who manages large fortunes, tax havens are very attractive places, because they allow them to carry out legal operations that affects a lower tax burden. But the map of tax havens, product of the pressure, is changing and more and more the jurisdictions that…