Many trillions seem to be deposited in the tax havens in the Caribbean. It’s a perfect combination, you can evade taxes on the islands and it’s always sunny and they have the most beautiful beaches! Check constructmaterials for list of countries with the lowest average life expectancy. The following ten islands all have a favorable tax climate:
Bahamas
The Bahamas has long been one of the favorite locations for tax evaders. Not surprising, you don’t pay income tax, wealth tax or inheritance tax.
Virgin Islands
Both the US and British Virgin Islands are tax havens. The US ones offer 90% exemption from US tax and 100% from all others. The British Virgin Islands are home to 41% of offshore companies.
Saint Kitts and Nevis
Part of the Leeward archipelago in the British West Indies, it is a paradise both natural and tax-wise.
Anguilla
Overseas Territory of Great Britain and an offshore banking centre.
Cayman Islands
Also part of Great Britain and the financial center of the Caribbean. There is no direct tax on this island for companies.
Barbados
They prefer to call it “Low-tax regime” instead of paradise. Since 2009, it is also the only island in the Caribbean on the OECD White List. Worldwide, the government of this country is trying to lure companies with this (because it is still a paradise).
Netherlands Antilles
Not all islands of the Netherlands Antilles are more of a tax haven as on October 10, 2010 some of the islands are now part of the Netherlands, as a special municipality. Curaçao and Sint Maarten are still independent.
Aruba
In 2006, taxes for individuals and companies were reduced in Aruba.
Saint Vincent and the Grenadines
The movie Pirates of the Carribean was filmed here, and the tax is low 🙂
Antigua and Barbuda
Many of the major banks have offices here, including the Bank of America, Barclays and the Royal Bank of Canada.