Offshore Tax facts
While investigating facts about Offshore Tax Havens and Offshore Tax Evasion, I found out little known, but curios details like:
Around 60% of publicly traded companies in the US are incorporated in Delaware, where they enjoy tax-haven like benefits without having to go offshore. There's also one building that serves as the legal address of more than 200,000 companies, amongst which include KFC and Coca Cola.
how offshore tax havens work?
Back in 2009 Google paid only 2,6% tax using an offshore tax haven in Bermuda.
What is offshore tax evasion?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what is offshore tax. Here are 11 of the best facts about Offshore Tax Avoidance and Offshore Tax Sheltering I managed to collect.
what are offshore tax havens?
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An estimated $500 billion worth of illicit money is laundered through offshore banking every year, equal to the income of the worlds poorest 20%. "high net-worth individuals" (a small club of 92,000 worldwide) also keep 1/3 of their money offshore for tax evasion purposes equal to $6-13 trillion
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British island of Jersey is still run by thugs in service to offshore tax havens/city of London
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London's financial sector is powered almost entirely by it's offshore tax havens,
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Apple would rather borrow $47B than pay taxes on the $181B that it holds offshore (to the United States) to the Nation that created and sustains the market that allows it to make all of those billions.
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The super-rich have as much as $32 trillion dollars ($32,000,000,000,000) hidden in offshore tax havens
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Apple held $111.3 BILLION offshore last year. Estimated U.S. Tax Avoided = $36.44 Billion. Number of Offshore Tax Havens = 3
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The super rich are hiding $32 trillion ($32,000,000,000,000) in offshore tax havens
Offshore Tax data charts
For your convenience take a look at Offshore Tax figures with stats and charts presented as graphic.
