Offshore Tax Havens

Offshore tax havens are countries or jurisdictions that offer low or no tax rates to attract foreign individuals and businesses. These locations often have favorable financial regulations and privacy laws, making them appealing for wealth management and asset protection. People or companies can legally shift their earnings to these havens to reduce their tax burden. While some use offshore accounts for legitimate reasons, others may exploit them to evade taxes or obscure financial information, raising ethical and legal concerns about transparency and fairness in the global economy.