Everyone likes to minimize their taxes. With an aging population and many governments trying to make money grabs, it’s no wonder that a surplus of people have started to move their money offshore. Unfortunately, industrialized countries are applying pressure on tax havens to comply with international standards for taxation and transparency, thereby closing the advantage. With a shrinking tax base, governments are trying to close all the loopholes that allow money to slip through their hands.
However, all this may be futile as the popularity of the offshore services industry is in an upswing. So, instead of keeping money stashed under the bed, or save it for retirement, maybe you should invest it and start a business. There is no doubt some businesses are more profitable than others. So, if you are going to start a business, take a look at The 7 Most Profitable Businesses You Could Start, Surely this article can guide you.
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