October 30, 2001 By: Sharon Preston Website: http://www.need-to-know-finances.com The advantages of a tax free haven In the early part of the century when the income tax was imposed in both Canada and the US a 20% tax imposed was considered outlandish but today such a low rate of taxation would be considered a tax free haven. Until there is more of a balance is reached people will always search out alternatives. The following is a list of the advantages of a tax free haven. The major attraction is the elimination of reporting and paying of income taxes as well as capital gains. Another benefit of a tax free haven is the protection against: inheritance taxes, estate taxes, executor's fees and probate fees. Next there is the protection of all assets against any liens or judgements from any creditors. Also it is important to be able to protect your privacy from any government agency or private individual. This can be very valuable when you are involved in investment houses, brokers and securities markets. A tax free haven is also useful in protecting the privacy of any ownership an individual might have in a corporation. One can also earn tax free income in active businesses such as in: advertising, consulting, leasing and more or with intellectual property such as patents, royalties etc. Lastly, travel becomes very simplified when you can access your money world wide. Click here for more information on Tax Free Haven or to choose from a variety of related products and services. About The Author: wooden houses Sharon Preston is a successful author and publisher of http://www.need-to-know-finances.com.  A one stop resource for all your offshore banking, trusts and IBC services featuring articles, and reviews for all your offshore needs.

 

Main Menu

Merchant Accounts
Merchant accounts will allow credit card processing, giving you the benefit of being able to accept credit cards from any prospective customer and have the transaction completed at the time of purchase. Free merchant accounts can be found online and will save merchants thousands of dollars every year in credit card processing costs. More Merchant Accounts ...

Money Market Account
Money market accounts can be set up and managed online and you will appreciate the convenience of finding the best money market account available with Internet access. Since there is such a variety of money market funds for you to choose from you will need to review the specific features of each fund. More Money Market Account ...

Checking Account
Online checking accounts offer many benefits and with some that includes free checking. Checking accounts can be managed far more effectively and efficiently online. More Checking Account ...

Savings Accounts
Savings accounts vary considerably from one bank to another. There are a variety of choices for the type of savings account you choose like high interest savings accounts and individual savings accounts. More Savings Accounts ...

Online Bank Account
Internet banks offer such great features and benefits, it is no wonder so many people are using online bank services. Review all the options available to find the best online bank for your banking services. More Online Bank Account ...