Do You Know What a Tax Haven Is? We Explain It to You with Real Examples

When you talk about tax havens, words such as evasion, bank secrecy and offshore companies often appear. But what does this term really mean? Although it sounds distant, tax havens have a great impact on the global economy and also on the daily life of countries. How does a tax haven work? A tax haven is a country or territory where foreign people or companies can deposit money, open accounts or create companies without paying taxes, or paying v…