Home > Politics, Tax Advice, Uncategorized > What is a Tax Haven?

What is a Tax Haven?

According to many a tax haven is a jurisdiction (a state, country or territory) where one or more type of tax is levied at a low rate or not at all. Others have suggested that any country which modifies its tax laws to attract foreign capital could be considered a tax haven.

On that basis the United Kingdom is, and has been for decades, a tax haven. Indeed most other major economies would fit into this definition and it isn’€™t that long ago that Prime Minister David Cameron was inviting French nationals to move to the UK to avoid President Hollande’€™s 75% tax rate.

But this is nothing new. For as long as the UK has been a member of the European Community (now European Union) thousands of French and German businesses have set up

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