For as long as there has been needlessly complicated tax law, there have been people with clever accountants that have been taking advantage of tax loopholes around the world to save themselves a bit (or sometimes a lot) of cash. Most of these canny people just send their money to these “tax neutral” places and never actually visit themselves. Those crazy rich fools!
Seychelles
This “offshore financial centre” has been growing since new legislation in 2007 began to accelerate interest from overseas companies. Hopefully the tourism industry will be able to match it if some of the employees from these countries make their way over to visit some of the archipelago’s 115 islands. Sitting just north of Madagascar on the east side of Africa, the Seychelles’ flora and fauna are fittingly spectacular, and there are thousands of perfect beaches to enjoy.
Switzerland
The original tax haven has inspired jokes about “Swiss bank accounts” for decades. Since the neutral country kept out of World War I and II, it has been capable of keeping taxes low during post-war years while almost every other country had to increase taxes in an effort to repair themselves. Switzerland is mainly mountainous and has a bevy of skiing resorts to choose from, all with spectacular views.
Cayman Islands
This Caribbean paradise is home to Ugland House, a building that over 18,800 companies say is their registered office. Good job almost all of them don’t have any actual employees there because they’d never all fit into the five-storey building. Some of those employees should at least try to take some annual leave and visit these three gorgeous islands and their idyllic clear azure waters.
Main Image by Gerwin Sturm
