Friday June 18, 2010
Can you imagine being able to lie on a beach and save money at the same time? This is what you can do if you know all about the world’s best tax havens. And you can find out all you need to know in a book that has been released by TaxCafe.co.uk as part of their series of tax guides.
Called “The World’s Best Tax Havens – How to Cut Your Taxes to Zero and Safeguard Your Financial Freedom”, the book is a hefty 223 pages long and covers a lot of ground. Here is what you can expect to get from it.
Read the first chapter for free, more information and buying the book - please use this link.
Yes we do – and the book doesn’t delay in getting there either. Chapter Two contains an alphabetical list of all the tax havens in the world, including a section on floating tax havens.
You might be surprised by some of the entries too (take the UK itself for example, which is described as a low tax haven, or the USA) but there are certainly plenty to read about. The book doesn’t skimp on the details you want to know either.
Yes it does. Even though the guide is written by a legal and chartered accountant, it is refreshingly well written and not at all stuffy. It is a real pleasure to read and the information on exactly what tax havens are is included on page one.
As you can see, you don’t need to go too far into the book to find out how you can start saving a lot of money. The writer also points out that there are two basic things you need to bear in mind if you are considering opting for a tax haven. You should consider the tax laws in the country you are currently a resident in, and the laws of other countries in the world which could provide you with a tax haven to go to.
This book does a grand job of making sure the concept of tax havens is easy to understand and get to grips with.
There are a further nine chapters after the one which lists all the tax havens available, along with pertinent information on each one. This is certainly an extremely comprehensive and up to date guide.
The book points out that you must be resident in the UK for 183 days or more to be thought of as a UK citizen (and therefore liable for tax) in this country. However the author also states that you need to look at a longer period of time. If HMRC sees you have been in the country for 90 days a year across a period of the previous four years, it will class you as a UK resident in the next year. The author also points out these rules are used as guidance, but you should be sure not to flout them.
Yes it definitely is worth reading and buying. It is exceptionally clearly written and even if you have no idea at all about tax issues and how they work, you will still find it easy to understand. The book is peppered with excellent examples that illustrate each situation, making it easier to see how you can benefit from it.
With information on offshore trusts, the taxman and double tax treaties, this book is a must have item if you want to get the best from your money – and keep as much of it away from the taxman as is legally possible.