Many Caribbean nations are pure tax havens that offer tax security to business owners and investors because of their financial privacy laws, non-existent income taxes, and non-existent corporate taxes. These nations became tax havens to attract foreign investment, bolster their own economies, and reduce their dependence on foreign nations, though their effectiveness has been curtailed […]
10 min read
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The idea of living tax-free is exhilarating! You may live somewhere with a high tax rate. Or be looking to have zero income tax. You may look at your income tax return and wonder if there are any tax free countries. Find out more about no tax countries. [NOTE: This article is a chapter in […]
20 min read
Scrutiny of offshore banking accounts and financial activities has increased and a variety of national and international organizations are applying pressure to establish treaties and exchange agreements that would eliminate the tax advantages that tax havens provide. Many countries are not happy about the existence of tax havens that lower the amount of money they […]
7 min read
Offshore accounts: they’re not just a tax reduction strategy for the rich. They can be useful for anyone concerned about their financial future. Rich or not so rich, then, let’s explore some of the possibilities and complications of moving money offshore. [NOTE: This article is a chapter in ourComprehensive Guide to Tax Havens.] The complexity […]
18 min read
There’s something so rewarding about owning your own business, but it can be hard to start and can take a toll on you financially. The good news is that small business loans are available to help you get started and to help grow your business. The extra funds can help you hire new people or […]
6 min read
Many people dream of living a debt-free life. If you have a mortgage, you can reach your debt-free goal faster by making biweekly mortgage payments. Doing this reduces mortgage interest and allows you to pay off the hefty loan in a shorter amount of time. Before you begin making biweekly mortgage payments, consider the consequences. […]
6 min read
Many banks go beyond the typical free gift these days. If you’re no longer in need of a toaster or coffee, maybe you could better enjoy a bank account bonus. Before opening an account, it’s good to know what to expect and what a bank may offer you in return for your business. Below, we […]
7 min read
1 Money—What Is It? Using existing money is simple. Creating money? That’s a different story. This article will explain how money is made and how its creation influences its use and misuse. First, let’s define money. Money is a medium of exchange. The key word is “medium.” If I have eggs and you have bacon, […]
24 min read
Who you bank with and the account you choose can impact your financial health and quality of life in many ways. In this comprehensive guide, we’ll explore many banking facets to help you decide where to open your first account, enrich your banking knowledge, and much more. Before we delve into your personal banking decision-making, […]
29 min read
When considering all various components that go into running a small business, choosing a bank account may seem unimportant. A secondary or even tertiary concern.
31 min read
