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About our Tax Havens news
Latest news on tax havens, jurisdictions that offer favorable tax treatment and financial secrecy to individuals and corporations seeking to minimise their tax liabilities and protect their assets from scrutiny.
These jurisdictions typically have low or zero tax rates on certain types of income, such as capital gains, dividends, and interest, and often have lenient regulations on banking and financial activities.
While some proponents argue that tax havens promote economic growth and investment, critics point out that they can facilitate tax evasion, money laundering, and other forms of illicit financial activity.
Tax havens can also contribute to global wealth inequality, as individuals and corporations who can afford to take advantage of their benefits can further accumulate and concentrate their wealth.
Many countries and international organizations have taken steps to combat tax havens and promote greater financial transparency, including the exchange of financial information between countries and the imposition of penalties and sanctions on those who engage in illicit financial activities.