By | June 3rd, 2016|Categories: Doing business international|Tags: , , , , , , , , , , , , , , , |

According the Organization for Economic Cooperation and Development (OECD), the United States has the highest corporate income tax rate in the world. Corporate profits in the US are taxed at rather outrageous corporate tax rates, averagely 39,1%. Therefore, an increasing number of large American corporations, including Apple and Google, chose to relocate their businesses overseas to [...]

The US-Cayman FATCA Agreement

By | January 6th, 2016|Categories: In The Spotlight Home|Tags: , , , , , , , |

The cooperation in tax matters between the US and Cayman Islands began in 2014, when the agreement regarding automatic exchange of tax information under US Foreign Account Tax Compliance Act (FATCA) between Cayman Islands and the US entered into force. FATCA is a U.S. legislative act which aims at preventing US citizens living abroad from committing [...]

South Dakota: tax haven on the prairie

By | December 23rd, 2015|Categories: Doing business international, Living, Offshore companies|Tags: , , , , , , , , , , , , |

The U.S. is one of the world’s leading tax havens for high-net-worth individuals and businesses that are seeking to shelter their assets from taxes. The U.S. states of Alaska, Delaware, and Nevada are known for their tax-efficient legislations and well-developed trust laws. Since U.S. trusts are governed by state laws and not by federal laws, the [...]

US attracts more super-rich than Caymans, Singapore, and Luxembourg

By | December 4th, 2015|Categories: Doing business international|Tags: , , , |

The Financial Secrecy Index recently introduced by the independent Tax Justice Network (TJN) reveals that the U.S. performs more offshore financial activities and is more secret than many famous tax havens, such as Cayman Islands, Luxembourg, and Singapore. The Financial Secrecy Index is based on: (i) the level of financial secrecy provided by the examined jurisdictions [...]