5. Cayman Islands
Cayman Islands is a part of what people call the Caribbean tax havens. It is one of the world renowned tax havens because it offers no corporate tax. And any form of corporation formed in Cayman Islands can retain assets without paying tax at all.
Another factor that makes Cayman Islands grows rapidly as a tax haven is the fact that they make the assets owners’ privacy as top priority.
According to the report provided by Tax Justice Network, Cayman Islands is now the world’s sixth biggest banking center. In June 2014, it has $1.4 trillion worth of banking assets.
In addition, the country has a $2.1 trillion net asset. Most of it comes from Europe and the United States. Pepsi, Pfizer, and Marriott are among hundreds of companies having subsidiaries in Cayman Islands.
