In the light of Panama Papers and the subsequent drama that erupted over them, it may be a good time to look for 10 best countries for offshore banking...
The investigation reveals the offshore interests of wealthy and powerful individuals and examines how multinational corporations use tax shelters to their advantage. Key to these dealings are offshore tax havens, which are countries or territories where taxes are assessed at a low or nonexistent rate.
NOTE: Some offshore banks have representative offices in the US. These are not branches and they do not have a US banking license. The IRS cannot levy an account through a representative office, only a licensed branch.
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It nevertheless has a massive share (17.4%) of the offshore banking market; if combined with territories like the Cayman Islands and British Virgin Islands, plus Crown Dependencies like Guernsey ...