As typing in to Google "Barbados offshore" found most results in a "bank" added to the previous quote, I can certainly say that Barbados is mostly used for offshore banking. Barbados is the 51st richest country in the world looking at the GDP per capita. With a very well developed and mixed economic system.
Showing posts with label taxation. Show all posts
Showing posts with label taxation. Show all posts
Friday, 30 May 2014
Tuesday, 6 May 2014
Tax heaven
What is a tax heaven?
Tax heaven is usually referred to as an offshore country or corporation. That offers some to all tax exemption. Each year there are more laws set in place in order to disallow the use of tax heavens, but there are may loopholes still available. Also most countries where the tax heaven are created usually provide little to no information to foreign tax authorities.
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