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However, this changed after the Intra Bank crash of 1966, [134] and the subsequent political and military deterioration of Lebanon dissuaded foreign use of the country as a tax haven. Liberia had a prosperous ship registration industry. The series of bloody civil wars in the 1990s and early 2000s severely damaged confidence in the country. The ...
"Nevada, a Tax Haven for Only $174". The Atlantic. Wayne, Leslie (June 30, 2012). "How Delaware Thrives as a Corporate Tax Haven". The New York Times. "The biggest loophole of all". The Economist. February 20, 2016. Wood, Robert W. (November 3, 2015). "U.S. Ranks As Top Tax Haven, Refusing To Share Tax Data Despite FATCA". Forbes
CORPNET's top 5 Conduits and top 5 Sinks are 9 of the 10 largest tax havens identified in 2010 by one of the academic founders of tax haven research, James R. Hines Jr. Hines' 2010 list of 10 major tax havens only differs in its omission of the U.K., which in 2010, had only just reformed its corporate tax system. [12]
The International Monetary Fund estimates that tax havens cost governments between $500 billion and $600 billion every year — mostly in corporate tax revenue that they couldn’t collect ...
In September 2016, Brazil became the first G20 country to "blacklist" Ireland as a tax haven. [6] Ireland's base erosion and profit shifting (BEPS) tools give some foreign corporates § Effective tax rates of 0% to 2.5% [b] on global profits re-routed to Ireland via their tax treaty network.
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The African Union reports estimates that about 30% of Sub-Saharan Africa's GDP has been moved to tax havens. [25] Solutions include corporate “country-by-country reporting” where corporations disclose activities in each country and thereby prohibit the use of tax havens where real economic activity occurs. [26]
The Cook Islands trust is referred to as the gold standard in asset protection.