International Tax Havens - how do they work?

The editors at Online Accounting Degrees decided to research the topic of:

Tax Havens of the Wealthy and Powerful

More and more companies are stashing their cash offshore, and they're doing it at alarming rates. Why? Put simply, it's about eluding the tax man.


- $21 trillion =
- US, Japanese, and German economies combined.
- EU, Russian, and Indian economies combined.
- Total private wealth held in tax havens worldwide.

- $9.8 trillion =
- Private wealth held in tax havens by a mere 100,000 people.
- The amount of foreign aid the US would provide in 196 years at current rates.

"Double Irish with a Dutch Sandwich"


- Profits routed through Irish and Dutch subsidiaries often end up in Caribbean shell corporations that don't pay US taxes.
- 83 of the 100 largest companies in the US with subsidiaries in tax havens.

The editors at Online Accounting Degrees decided to research the topic of:

Tax Havens of the Wealthy and Powerful

More and more companies are stashing their cash offshore, and they're doing it at alarming rates. Why? Put simply, it's about eluding the tax man.


- $21 trillion =
- US, Japanese, and German economies combined.
- EU, Russian, and Indian economies combined.
- Total private wealth held in tax havens worldwide.

- $9.8 trillion =
- Private wealth held in tax havens by a mere 100,000 people.
- The amount of foreign aid the US would provide in 196 years at current rates.

"Double Irish with a Dutch Sandwich"


- Profits routed through Irish and Dutch subsidiaries often end up in Caribbean shell corporations that don't pay US taxes.
- 83 of the 100 largest companies in the US with subsidiaries in tax havens.

Tax Havens of the Wealthy and Powerful
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