cryptohunter
Active member
- PPF Points
- 440
The main advantage of using offshore tax havens for individuals and companies is the ability to reduce tax liabilities, as these jurisdictions often have lower tax rates or offer tax exemptions. This can result in significant financial savings for individuals and corporations. Offshore tax havens can also provide financial privacy and confidentiality, as well as protection for assets. Additionally, some offshore tax havens offer favorable conditions for international business, such as low corporate tax rates and flexible laws, which can make it attractive for companies to establish a presence there. However, it's important to note that while these advantages may be appealing, they may also come with significant legal and reputational risks.