Visualizing The World's Tax Havens

Tyler Durden's picture

More and more companies are stashing their cash offshore, and they're doing it at alarming rates. Why? Put simply, it's about eluding the tax man.

 

Tax Havens of the Wealthy and Powerful
Image compliments of Online Accounting Degrees

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Scritchy's picture

Wouldn't a government of the people, for the people, and by the people be upset by all of this?

ghandi's picture

Every citizen of this earth should be tee-totally pissed!

 

But, do they know?  Hum...msm?

TeamDepends's picture

Let me tell you how it will be

There's one for you nineteen for me

'Cause I'm the taxman   Yeah I'm the taxman!

macholatte's picture

 

 

 

Ahem……

The list of tax havens includes such exotic places as Delaware, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

RaceToTheBottom's picture

You have never heard about incorporating in Delaware?  Or having a shell company headquartered in Nevada?

You born in a barn?

Raymond K Hessel's picture

Aren't these red states?  Any correlation?

Am I the only one who looked at the first few posts and thought, "OFA, GTF off this website!"

Kirk2NCC1701's picture

If you can declare Bankruptcy and not lose your Principal Residence or ANY thing stored there, would you not live there, if you chose to live in the US?

Places like FL, TX...

Just ask Burt Reynolds or OJ Simpson on how they're doing in FL? /s

DoChenRollingBearing's picture

A pity that Peru is not a tax haven.  Their corporate rate is 30%.  Peru offers none of the dodgy benefits of the more famous tax havens.

On the other hand, our Peruvian company only sells in Peru (and buys from Asia), hence not subject to any US laws.

american eyedol's picture

this impossible for us peasants to ever get a little ahead

darteaus's picture

Shut up and work faster, or I cancel your health insurance.  Maybe I fire you and hire Juan instead.

Go Tribe's picture

How the fuck is Cyprus on that list???

Raymond K Hessel's picture

It's because this isn't tax advice.

It's about hating people who don't pay taxes.

Paying taxes is good.  Not paying taxes is evil.

That's the whole point.

HedgeCock's picture

And why is it ""alas" you and your money can be reunited??"  "Alas" is an expression of grief, pity or concern.  Maybe that's why Cyprus is on the list.  Otherwise methinks it is a typo of "at last".  

Ignatius's picture

War used to be fun.

I could ask "Alright mates, we'll get a boat and invade The Cayman's and sack its treasure.  A double issue of Grog for every man that makes it."

And there we'll be, swords drawn, sneering and posing proudly over our treasure chest filled with 1's and 0's.  Yes mates, as many 1's and 0's as there are stars in skies.

Ignatius's picture

The Union Jack be damned, mate.  Arrrrrr... Arrrrr....

Think of it, as many 1's and 0's as there grains of sand on a beach.

And the women...!  Arrrrr....!

Going Loco's picture

"But the sea would still be filled with the protecting British navy."

Gawd help us, you're living 60 years in the past. The British Navy hasn't got enough ships to fill the River Thames. The British Navy has a grand total of 19 surface fighting vessels and 11 submarines. The freakin' aircraft carrier hasn't got any freaking aircraft, just helicopters. Freakin joke, that's what the Royal Navy is.

I tried to get the current service list from the RN website but it's not working (normal) so here's the list from Wikipedia:

19 of the commissioned vessels are major surface combatants (6 guided missile destroyers and 13 frigates) and 11 are nuclear-powered submarines (4 ballistic missile submarines and 7 fleet submarines). In addition the Navy possesses an aircraft carrier (though without fixed-wing aircraft)

Au Member's picture

I spent a long time in the RN, watched it get slowly killed by wankers in parliament. Doubt it could win a fight aganst the Belgian Womens Rowing club now

savagegoose's picture

theyre still paying for kicking the Argies.  wars are  expensive dont you know

AGuy's picture

" "Alright mates, we'll get a boat and invade The Cayman's and sack its treasure."

Its the otherway around. The pirates live in Caymans and they send raiding parties into the big nations (US, EU, Asia, etc). The plundered wealth is buried in the Cayman's. Today it just no stolen loot (aka MF global), but Drug, arms, and even human trafficing (modern slavery).

 

 

 

Ignatius's picture

Shit, you didn't fall for it.

cpgone's picture

Until we all pay a 10% flat tax rate, we should go after these tax cheats

geewhiz's picture

Nope, everybody should become an active tax evader. Just cause you are getting robbed don't give you the right to sic the thieves on your neighbour.

Dull Care's picture

Exactly. More loopholes for everyone and eliminate the income tax and make corporate taxes competitive.

fourchan's picture

taxes are obsolete. the fed prints all it can and there is no inflation.

putaipan's picture

uh..... webster tarpley and tax wall street .01% tax.....?

(or the putaipan etf 1$ a trade tax! )

putaipan's picture

uh..... webster tapley and the wall street .1% tsales tax.....?

(or the putaipan etf 1$ a trade tax! )

sethstorm's picture

No, you get something like Greece where nobody wants to pay for services at any rate.  Taxes aren't automatic thievery, but tax evasion/avoidance certainly is.

 

MeBizarro's picture

Yup.  It is why Greece is largely a disfuctional shithole (albeit with great weather) and has been for a long, long time with a huge Greek diaspora everywhere.  Greeks are great traders/smugglers but there is little sense of community in Greece and most would f@ck over their neighbors quite willingly and readily for a few extra bucks. 

strongband's picture

You sir, are a fucking retard.

Whoa Dammit's picture

Native American tribes should start tax haven banks for all of us little people. That would be freaking hilarious, and probably quite successful.

otto skorzeny's picture

the N.A. tribes could get the 12 Tribesmen to set it up for them-from our tribe to yours.

darteaus's picture

They already have them!  They serve fire water to white trash and take back their land - one home at a time.

q99x2's picture

I could go to college forever with that much cash.

wisefool's picture

If you are Mitt Romney, step #7 is campaign for president chastizing the 47% of people who don't pay taxes, but also don't have any money.

"This is just how the system works"

walküre's picture

If the IRS comes breathing down your neck because you missed 5 bucks on your personal taxes, have the above information at hand and tell them to fuck off.

darteaus's picture

Is that what Wesley Snipes did?

putaipan's picture

or- the "reeducation of black mousecateers"

fonzannoon's picture

they are coming out with a new crypto graphic C note in October. If Obummer had the balls to go red money, and give everyone 3 months to convert their old hundo's into new ones, to flush that cash out into the open....would this off shore money convert over or would it be up shits creek?

ghandi's picture

Could you give a citation of link?

putaipan's picture

you mean linky? -

http://www.ibtimes.com/new-100-bill-release-date-set-early-october-will-...

the wrinkley ones havebeen cured! new ones a  cummin'.

FeralSerf's picture

The offshore money is digital, not paper in most cases.  So it wouldn't make any difference.

 

jal's picture

Stop the bitching.

You know that those who made the system made it to their advantage.

slightlyskeptical's picture

I thought that is why everyone is bitching. You just want us all to bend over?

LetThemEatRand's picture

The biggest cheat is ExxonMobil.  They reap the benefits of USA's insane military spending that directly benefits them and we all pay twice -- once at the pump, and then again to the tax man.

Teamtc321's picture

Get your "0" savior right on that Nut Sack.

 

Yes you Can!!

 

Forward Bitch...........