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Thursday, 07 August 2008 00:00 |
'Tax haven' is a term that means more to investors in these credit-crunched times and is a phrase that appeals to those who are keen to 'shore up their assets in idyllic settings'.
That is, according to the Financial Times, who has compiled a list of the top tax havens in the world as they say "the lure of the fat financial carrots combined with blue seas and pristine beaches is fuelling a market".
Considering the appeal of the Caribbean, the FT said that "of all of the world's low-tax islands, the most winning ledger-lifestyle combinations can be found here".
Investors in the Caribbean will benefit from the lack of income, capital gains, value added, sales or wealth taxes.
Explaining the demand for tax havens, such as the Caribbean, James Hickman of Caxton FX, a specialist currency exchange company, said: "High-net worth individuals are not only more numerous than ever before, they're more interested in tax havens in exotic locations."
Personal tax breaks are only available to those that own property in the Caribbean and there are no restrictions on foreigners buying property there. |
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