York, United Kingdom (PRWEB) February 05, 2014
As Michael Magnusson states in his new book, tax havens have traditionally been politically acceptable as long as they are rainy and cold places such as Delaware, the Netherlands, Ireland, and the United Kingdom.
“If you add a white sand beach and some palm trees, it becomes a different story. The tax haven becomes an offensive villain, not only guilty of “unfair tax competition” but of virtually every other thinkable evil, including money laundering, tax evasion, and all poverty on planet earth. The fact that the lion’s share of international money laundering takes place in London and New York, not in the Caymans or the British Virgin Islands, is usually conveniently omitted in any debate on the subject,” says Magnusson.
The book is released at a time when traditional offshore tax havens are subject to sharp criticism from the United States and various European countries, a campaign that Magnusson finds hopelessly hypocritical, but nevertheless a factor to consider when choosing where to register corporate structures.
“If everyone from your accountant and his grandmother to the prime minister of the United Kingdom are relentlessly critical about corporate structuring under the palm trees, this is a valid reason to consider incorporating elsewhere. If you are looking for financial privacy and tax freedom, you can find this in the cold countries that like to call the warmer tax havens “sunny places for shady people.”” says Magnusson.
The most notorious tax haven criticism comes from the most prominent offshore tax havens in the world, the United States and the United Kingdom. Magnusson’s latest book will teach you how to incorporate tax-free companies in those countries.
Michael Magnusson is the author of the Amazon bestseller “The Land without a Banking Law – How to Start a Bank with a Thousand Dollars”.
Offshore Companies – How Register Tax-Free Companies in High-Tax Countries
Publisher: Opus Operis LLP
Author: Michael Magnusson – Panama – Sweden – Netherlands
Paperback: 146 pages
ISBN 13: 978-0957543836
ISBN: 10: 0957543832
BISAC: Business & Economics / International / Taxation