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15 biggest corporate tax havens in the world, 2016

he Bermuda has been branded as the largest corporate tax haven in the global world, according to Oxfam list. The Cayman Islands, holland, Switzerland, and Singapore were called in the very best 5 also. Luxembourg and Ireland were ranked in 6th and 7th place accompanied by Curacao, with Hong Cyprus and Kong creating all of those other top ten 10.The report, titled “Tax Fights: the dangerous race to underneath on corporate tax,” defines a “Tax Haven” as a low-tax or no-tax nation with generous tax incentives.The report also noted that 90% of the world’s biggest companies had an existence in at least one tax haven.The ultimate 5 were the Bahamas, Jersey, Barbados, Mauritius, and the Uk Virgin Islands.

The 15 biggest corporate tax havens in the global world, 2016

Rank   Country   Characteristics1 Bermuda 0% corporate tax (CIT), 0% withholding fees, lack of involvement in multilateral anti-abuse, transparency and exchange initiatives, proof large-scale profit moving.

2 Cayman Islands 0% CIT, 0% withholding fees,31 insufficient involvement in multilateral anti-abuse, exchange and transparency initiatives, evidence of large-scale income shifting.

3 Netherlands Tax incentives, 0% withholding taxes, evidence of large-scale income shifting.

4 Switzerland Tax incentives, 0% withholding taxes, lack of participation in multilateral anti-abuse and transparency initiatives, evidence of large scale income shifting.

5 Singapore Tax incentives, lack of withholding taxes, evidence of substantial profit shifting.

6 Ireland Low CIT, tax incentives, evidence of large scale income shifting

7 Luxembourg Tax bonuses, 0% withholding fees, proof large scale revenue shifting

8 Curaçao Tax bonuses, 0% withholding taxes, insufficient involvement in multilateral anti-abuse, exchange and transparency initiatives, proof substantial profit moving.

9 Hong Kong Tax incentives, 0% withholding taxes, proof large scale gain shifting.

10 Cyprus Low CIT, tax incentives, 0% withholding taxes.

11 Bahamas 0% CIT, 0% withholding fees, insufficient involvement in multilateral transparency and anti-abuse initiatives.

12 Jersey 0% CIT, 0% withholding fees, proof substantial revenue shifting.

13 Barbados Low CIT, 0% withholding fees lack of involvement in multilateral anti-abuse and transparency initiatives.

14 Mauritius Low CIT, 0% withholding fees, lack of involvement in multilateral anti-abuse and transparency initiatives.

15 Uk Virgin Islands 0% CIT, 0% withholding taxes, insufficient participation in multilateral anti-abuse and transparency initiatives.

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