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Tax Havens For When You Win The Lottery

Category
Lighter Side Of Taxes
Previous Image Next Image Next Gallery: Washington Nationals vs Boston Red Sox
(Credit: Jim Rogash/Getty Images)
(credit: Thinkstock)
  • Andorra
    Andorra
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EAndorra%2C%20a%20small%20country%20nestled%20between%20Spain%20and%20France%2C%20doesn%26%238217%3Bt%20have%20any%20income%20tax%20for%20individuals%20or%20companies.%20It%26%238217%3Bs%20only%20real%20taxes%20are%20customs%20duties%2C%20local%20property%20taxes%20and%20corporate%20registration%20fees.
    (credit: Thinkstock)
    Anguilla
    Anguilla
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThis%20British%20territory%20in%20the%20Caribbean%20is%20a%20neutral%20tax%20jurisdiction.%20There%20are%20no%20income%2C%20capital%20gains%2C%20estate%2C%20profit%20or%20other%20direct%20taxes%20on%20people%20or%20companies.%20You%20don%26%238217%3Bt%20even%20have%20to%20be%20a%20resident.%20With%20beaches%20like%20this%2C%20why%20keep%20your%20vast%20fortune%20anywhere%20else%3F
    (credit: Thinkstock)
    Bahamas
    Bahamas
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThe%20Bahamas%20is%20a%20collection%20of%20islands%20southeast%20of%20Florida.%20This%20popular%20vacation%20destination%20offers%20fun%20in%20the%20sun%20but%20doesn%26%238217%3Bt%20tax%20personal%20income%2C%20capital%20gains%2C%20inheritance%20or%20gifts.%0D%0A
    (credit: Thinkstock)
    Bermuda
    Bermuda
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EBermuda%20doesn%26%238217%3Bt%20currently%20offer%20much%20in%20the%20way%20of%20tax%20benefits%20for%20individuals%2C%20but%20businesses%20are%20totally%20exempt%20from%20income%20and%20capital%20gains%20taxes.%20So%20if%20you%20just%20won%20the%20lottery%20and%20want%20to%20start%20a%20business%20on%20an%20island%20in%20the%20Atlantic%2C%20Bermuda%20might%20be%20the%20best%20place%20for%20you.%20%0D%0A
    (credit: Thinkstock)
    Cayman Islands
    Cayman%20Islands
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThe%20Cayman%20Islands%2C%20in%20the%20western%20Caribbean%2C%20relies%20solely%20on%20import%20duties%2C%20tourist%20fees%2C%20licensing%20fees%20and%20other%20indirect%20methods%20of%20taxation.%20Investors%20don%26%238217%3Bt%20have%20to%20pay%20income%2C%20capital%20gains%2C%20gift%20or%20estate%20taxes.
    (credit: Thinkstock)
    Cyprus
    Cyprus
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ECyprus%2C%20in%20the%20eastern%20Mediterranean%2C%20just%20south%20of%20Turkey%2C%20is%20home%20to%20beautiful%20beaches%2C%20historical%20landmarks%20and%20an%20extremely%20low%20corporate%20tax%20rate%20%2810%25%29.%20And%2C%20as%20if%20that%20weren%26%238217%3Bt%20enough%20of%20a%20draw%2C%20there%20is%20no%20capital%20gains%20tax%20or%20withholding%20tax%20on%20offshore%20companies.
    (credit: Thinkstock)
  • Dubai
    Dubai
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThe%20benefit%20of%20managing%20investments%20or%20companies%20in%20Dubai%20is%20that%20there%20are%20no%20taxes%20of%20any%20kind.%20This%20Middle%20Eastern%20state%20%26%238211%3B%20part%20of%20the%20United%20Arab%20Emirates%20%26%238211%3B%20won%26%238217%3Bt%20audit%20you%2C%20nor%20will%20its%20government%20agencies%20require%20you%20to%20share%20information.
    (credit: Thinkstock)
    Gibraltar
    Gibraltar
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThis%20British%20territory%2C%20located%20at%20the%20opening%20to%20the%20Mediterranean%20is%20a%20great%20place%20to%20run%20a%20company%2C%20as%20long%20as%20you%26%238217%3Bre%20not%20a%20resident.%20According%20to%20Gibraltar%20law%2C%20a%20company%20managed%20by%20a%20non-resident%20enjoys%20tax%20exempt%20status.%20%20
    (credit: Thinkstock)
    Hong Kong
    Hong%20Kong
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EWhat%26%238217%3Bs%20most%20attractive%20about%20investing%20or%20saving%20money%20in%20this%20small-city%20state%20along%20the%20south%20coast%20of%20China%3F%20Hong%20Kong%20isn%26%238217%3Bt%20part%20of%20the%20Organization%20for%20Economic%20Cooperation%20and%20Development%20%28OECD%29.%20They%20still%20charge%20taxes%2C%20but%20the%20percentages%20are%20way%20lower%20than%20the%20international%20average.
    (credit: Thinkstock)
    Luxembourg
    Luxembourg
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ELuxembourg%20has%20long%20been%20one%20of%20Europe%26%238217%3Bs%20most%20popular%20tax%20havens%2C%20with%20some%20of%20the%20strongest%20secrecy%20laws%20around.%20More%20recently%2C%20the%20country%20has%20moved%2C%20with%20some%20success%2C%20to%20overcome%20its%20haven%20status.
    (credit: Thinkstock)
    Monaco
    Monaco
    %28credit%3A%20Thinkstock%29%3Cbr%20%2F%3EMonaco%20is%20an%20independent%20city%20state%20situated%20along%20the%20scenic%20French%20Riviera.%20Although%20Monaco%20charges%20taxes%20to%20companies%20and%20French%20residents%2C%20the%20country%26%238217%3Bs%20taxes%20are%20extremely%20low.%20Foreigners%20can%20stay%20tax%20exempt.
    (credit: Thinkstock)
    Panama
    Panama
    %28credit%3A%20thinkstock%29%20%3Cbr%20%2F%3EPanama%2C%20one%20of%20the%20most%20beautiful%20countries%20in%20the%20Caribbean%2C%20does%20not%20charge%20any%20tax%20on%20income%20produced%20from%20sources%20outside%20the%20country.%20That%20includes%20proceeds%20from%20sales%20made%20outside%20of%20the%20country.
    (credit: thinkstock)
  • Saudi Arabia
    Saudi%20Arabia
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ESaudi%20Arabia%20is%20so%20rich%20in%20natural%20resources%20like%20gold%2C%20coal%2C%20uranium%20and%20oil%20that%20the%20economy%20doesn%26%238217%3Bt%20rely%20on%20corporate%20taxes%20as%20a%20primary%20source%20of%20revenue.%20Their%20taxes%20range%20from%20extremely%20low%20to%20nonexistent.
    (credit: Thinkstock)
    Switzerland
    Switzerland
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ESwitzerland%20is%20the%20%231%20tax%20haven%20in%20the%20world.%20This%20mountainous%20European%20nation%20has%20a%20long%20history%20of%20bank%20secrecy.%20On%20top%20of%20that%2C%20the%20Swiss%20do%20not%20consider%20tax%20evasion%20to%20be%20a%20crime.%20What%20more%20could%20you%20ask%20for%3F
    (credit: Thinkstock)
    Vanuatu
    Vanuatu
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EBesides%20beautiful%20views%20and%20great%20weather%2C%20this%20South%20Pacific%20island%20nation%20offers%20protective%20banking%20secrecy%20laws%20as%20well%20as%20privacy%20and%20confidentiality%20for%20its%20clients.%20Vanuatu%20will%20take%20care%20of%20your%20money.
    (credit: Thinkstock)
Monaco
(credit: Thinkstock)
Monaco is an independent city state situated along the scenic French Riviera. Although Monaco charges taxes to companies and French residents, the country’s taxes are extremely low. Foreigners can stay tax exempt.
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