See other World News Articles
Title: Which Countries Are Stashing The Most Wealth Offshore?
Source:
[None]
URL Source: https://www.zerohedge.com/personal- ... -stashing-most-wealth-offshore
Published: Oct 1, 2024
Author: Tyler Durden
Post Date: 2024-10-01 21:14:23 by Horse
Keywords: None
Views: 484
Comments: 5
Individuals and corporations send money abroad for various reasons, including seeking better investment opportunities, minimizing tax burdens, and protecting their wealth in low-tax or no-tax jurisdictions. This graphic, via Visual Capitalist's Bruno Venditti, shows the top 10 countries that owned the most offshore financial wealth in 2022, according to data from the Atlas of the Offshore World. Chinese Hold Over $2 Trillion Abroad Chinese mainland businesses and individuals hold over $2 trillion abroad, nearly matching Mexico’s GDP. Hong Kong is a top destination for Chinese corporations and individuals conducting offshore operations. Meanwhile, the Cayman Islands, Switzerland, and Singapore are common destinations for U.S. offshore operations. American hold almost $1.6 trillion abroad. Together, individuals and companies from the UK, France, and Germany hold $2.1 trillion abroad. What Is a Tax Haven? A tax haven offers foreign businesses and individuals minimal or no tax liability. They also have politically and economically stable environments. Entities may legally use tax havens to stash money earned abroad while avoiding higher taxes in the U.S. and other nations. For this kind of operation, companies often establish a shell corporation, which is a corporation without active business operations or significant assets in the country they are located. To learn more about topics like offshore wealth and tax havens, check out this graphic that shows the top 10 countries hosting the most offshore financial wealth. 
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: All (#0)
A Dozen Veterans Affairs Staffers Improperly Accessed Medical Records Of J.D. Vance, Tim Walz; Report The subject of both Walz and Vance’s military records has become a focus of both campaigns, primarily due to controversy surrounding the exact details of Walz’ service... The Truth of 911 Shall Set You Free From The Lie
Sharmine Narwani reposted Sina Toossi @SinaToossi Multiple IRGC-affiliated Iranian outlets & Telegram channels report, "Iran has warned the US: if you target our refineries, we will set fire to the refineries and oil fields across the entire region, including those in Saudi Arabia, Azerbaijan, Kuwait, the UAE, and Bahrain." The Truth of 911 Shall Set You Free From The Lie
'Oceans Eleven' Style Jewelry Burglaries By South American Thieves Are Becoming Widespread "Some of the hits are in the millions. These are the largest dollar losses we’ve seen in some time.” The Truth of 911 Shall Set You Free From The Lie
Strikes (Missiles & Dockworkers) Spark Surge In Oil, Gold, & Bonds; Big- Tech & Bitcoin Battered ...Iranian missiles and American longshoremen go ballistic. The Truth of 911 Shall Set You Free From The Lie
the graphic formatting makes the text for the most part unreadable.
https://www.zerohedge.com/political/dozen-veterans-affairs-staffers-improperly-accessed-medical-records-jd-vance-tim-walz
#2. To: All (#1)
https://x.com/SinaToossi/status/1841207114666057848
#3. To: All (#2)
https://www.zerohedge.com/markets/oceans-eleven-style-jewelry-burglaries-south-american-thieves-are-becoming-widespread
#4. To: All (#3)
https://www.zerohedge.com/markets/strikes-missiles-dockworkers-spark-surge-oil-gold-bonds-big-tech-bitcoin-battered
#5. To: Horse (#0)
Top • Page Up • Full Thread • Page Down • Bottom/Latest