Quote:
Originally Posted by mrkajz44
The main issue with tax havens is most people think you can just set up a company in some tax haven and then *poof*, you don't pay tax anymore. It just isn't simply like that. The reality is there are so many complex tax rules (mainly from each country having their own set of rules), there are lots of opportunities for corporations and people to set up structures, loans, share, etc. in certain tax jurisdictions and lower their tax liability. It becomes a question of ethics rather than legality in most situations.
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Ethics and morality.
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