October 29, 2001 By: Sharon Preston Website: http://www.need-to-know-finances.com Can you see the value of offshore tax havens? Many people associate the term ‘offshore tax havens' with shady or illegal activities. These ideas have been spread by negative media coverage and government propaganda giving anyone the idea that only drug dealers and money launderers and people of questionable character use the advantages and benefits of the hundreds of offshore tax havens around the world. This is just simply not true. The wealthy; for centuries, have placed money: legally and lawfully, offshore to protect their assets and to avoid paying taxes. Notice I said ‘avoid' and not evade, a very critical difference. What are offshore tax havens? It is a term that describes any foreign country that has either a very low or no tax on income earned by foreign individuals. Two other important characteristics these foreign jurisdictions have; are strict privacy laws and bank secrecy. If you have not yet considered using tax havens as a part of your personal or business tax planning, would it not be wise to educate yourself on the numerous opportunities available? Would it be foolish to not take advantage of the tax code provisions that give one the legal right to use offshore tax havens? Keeping more of your hard-earned money in your pocket is not such a bad idea, isn't it? We provide the education so that you can make an educated decision yourself about your personal situation. Click here for more information on Offshore Tax Havens or to choose from a variety of related products and services. About The Author: Sharon Preston is a successful author and publisher of http://www.need-to-know-finances.com.  A one stop resource featuring information, reviews and articles related to the offshore arena.

 

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