France is a tax haven

It is not April so this headline must be a misprint! Actually, no...

A few years ago, our company ran a series of seminars with this exact title, which were well attended, if only by people wanting to poke fun at the absurd notion but who, instead, left confounded.

The first point to make is that many people have an incorrect definition of a tax haven and think it is a place or country with no tax.

The extended English Collins dictionary puts it succinctly: “A tax haven is a country or place that has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries.” Using this definition, it is easy to prove that, for many, simply moving to ...

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