A Main Reason For Moving Offshore: Avoiding TaxAmong the different reasons why e-businesses might want to move offshore, some of which have been outlined in the summary entitled: “Top Reasons for Moving an E-Business Offshore,” tax avoidance is often on top of e-businesses’ priority list. Most tax havens feature very low rates of income tax, or no income tax at all, which understandably seems very attractive to companies incorporated in high-tax countries.
The following questions have been addressed in this article:What are the characteristics of offshore tax regimes?
How does moving offshore make it possible to avoid tax?
Why do e-businesses find it particularly easy to take advantage of this strategy?
Isn’t moving offshore for tax purposes similar to tax evasion?