The Advantages and Reasons for an Offshore Company

There are many views and misconceptions regarding the advantages of offshore companies (OC). In this short report we set out to evaluate this method of efficient tax planning. At no time will we suggest the non-reporting of share ownership in this vehicle to the appropriate tax authority. Neither do we condone the use of these vehicles to hide illegal acts or "Black Money". However, we consider the legal use of these companies in the same way that many of the worlds leading institutions have. Of course some institutions go further and actually set up business in a tax haven and their main core company is based there.

To quote but one example; AMERICAN EXPRESS is set up in the US tax haven of Delaware.

I expect they thought "that would do nicely"!!

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