Well, no one can tell what the future brings, however, be a European there are several options for you at least to reduce the corporate tax and even to pay no corporate tax at all.
What you will need to look at is simply a country in Europe which have some double tax treaties with the country you are located in, and which itself has a low corporate tax, Cyprus is the ultimate country in Europe for this, second step is, that the operation of your business must be from for instant Cyprus, this can be done through nominee services (shareholder and director) once this is in place, you are legally subject to taxation in the country where the business is conducted. This is the short version.
From the cyprus company you are free to transfer your funds for instant to the Cayman Islands or any other offshore country abroad without paying any taxes, this due to the tax reform in Cyprus.
Also you can make loans in a Cyprus company even if you are the owner, this makes it easy to reduce the income tax dramatically.
Everything above is in short form and legalm feel free to contact me for any further information.
Going through the first 2 pages I didn't learn what I wanted to know so I'll state my question here in hope of a detailed answer.
I was wondering what one from Europe could do to insure privacy and ultimately avoid taxation for years to come?
If such an option does not exist or will not exist in the near future, by the best of your knowledge, what other solutions could one look for?
Or is this just hopeless and all the havens are doomed to sign treaties?
Thanks..
You will find there are always solutions for those that look for them. One reason we publish the TIEA data is so people can see there are still many opportunities to work with select jurisdictions that are NOT working with your home jurisdiction.
The rash of TIEA's are mainly effecting people who bank in former British colonies or countries like Bermuda, Jersey, Guernsey, Bahamas, Turks and Cacaos, Isle of Man, Gibraltar etc.
There have been no agreements in places like Cyprus, Belize, Cook Islands, Mauritius, etc.
It is hard to predict what is going to happen with the OECD treaties and when. Offshore Privacy is correct in his analysis found above. Panama said they will not share Tax Information last week. I doubt the OECD countries will leave them alone and not impose sanctions, in my humble opinion. If four or five large Tax Havens Like Singapore, Hong Kong etc took a stand against the OECD maybe this would get legs and the resistance could hold up. A lone wolf small player like Panama can never hold up against them in my opinion. It is curious that not that many other countries are signing these treaties. Also curious that the Swiss are going to have a referendum at the polls to possibly reject sharing of tax information treaties. The voters in Switzerland based on a petition of 5,000 signatures can have a voter referendum on any law passed or treaty signed. Imagine if such a referendum provision existed in the USA or UK. Things are still unfolding and one must be diligent to watch closely. We are telling clients to make sure they close their accounts before the enactment date on any treaty. Treaties are not retroactive and if the account is closed it will not be affected by the treaty. Again one must be diligent.
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Panama Legal, S.A. Law Firm - Trust Agreement Banking, law firm signatory service in Ecuador, Mexico, Costa Rica and Guatemala. http://www.panamalaw.org
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