Switzerland is a well-known hideaway for assets from around the world, but the country does not belong to the European Union. Within the EU, Luxembourg is the largest tax haven - and operates fully within the law.
What do investors want? Plenty of security for their money, high returns and the lowest tax rates possible. These conditions aren't just found along the white beaches of the Caribbean. Tax havens are also thriving in Europe, says Reinhard Kilmer, a German tax fraud investigator.
"We don't have to look to the Caribbean. We can also step outside our own front door," Kilmer said in a television interview, adding that Great Britain protects the Channel Islands and the Isle of Man, France has Monaco, and Europe still has issues with Luxembourg, Switzerland and Austria.
The yields are perhaps not as high in such places as on the Virgin Islands, but the security cannot be beat, Kilmer concluded.
The leading haven within the European Union is the tiny Grand Duchy of Luxembourg, a founding member of the EU. But the country's finance minister, Luc Frieden, rejects the notion of it being a tax haven.
http://www.dw.de/luxembourg-the-eus-top-tax-haven/a-16729339
What do investors want? Plenty of security for their money, high returns and the lowest tax rates possible. These conditions aren't just found along the white beaches of the Caribbean. Tax havens are also thriving in Europe, says Reinhard Kilmer, a German tax fraud investigator.
"We don't have to look to the Caribbean. We can also step outside our own front door," Kilmer said in a television interview, adding that Great Britain protects the Channel Islands and the Isle of Man, France has Monaco, and Europe still has issues with Luxembourg, Switzerland and Austria.
The yields are perhaps not as high in such places as on the Virgin Islands, but the security cannot be beat, Kilmer concluded.
The leading haven within the European Union is the tiny Grand Duchy of Luxembourg, a founding member of the EU. But the country's finance minister, Luc Frieden, rejects the notion of it being a tax haven.
http://www.dw.de/luxembourg-the-eus-top-tax-haven/a-16729339
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