The list of TAX heavens in EU

KJK

Building Trust
Entrepreneur
Take everything that comes from europa.eu or EU institutions with a grain of salt. The entire union/federation/something is weird and getting weirder each day.

I love that they created a "hurricane list" and put Bahamas, Barbuda and BVI on it, what the actual fuck.
Sometimes they put a country on the list only to remove it two months later...

And as is already mentioned above, this is just a boo-boo list by which they hope to achieve something similar to what US has achieved (with FATCA, W8BEN etc etc.), just wait a few years and EU will be similar in this to USA. Why is Switzerland on a watch list while the "founding countries" of Luxembourg and Netherlands aren't on any lists?

The bad thing is that such lists can make bank transfers more and more difficult, don't be surprised if bank stops a transfer just because you are sending/receiving money to/from a country on that list. I don't think this is sustainable, either we will have Orwellian total control or western states
collapse and the world moves to something like Bitcoin.
 

neweraoffshore

IT Nerd Offshore Guy
Entrepreneur
Mentor Group
List should be updated in 2020. 2020 some changes will come with 5AMLD. Be prepared that a lot of structures with Malta, Cyprus etc. and cryptos won't work anymore. The EU offshore market is already dead, but it will be more dead in 2020.
 

blockchain4ever

Building Trust
Entrepreneur
List should be updated in 2020. 2020 some changes will come with 5AMLD. Be prepared that a lot of structures with Malta, Cyprus etc. and cryptos won't work anymore. The EU offshore market is already dead, but it will be more dead in 2020.
Though IP-boxes and super deductions are alive in EU. You develop software so you should know.
 

xzars

Trusted Member
Business Angel
The EU has a warm hearth but no financial brain. They're triggered over the demise of their influence as the Santa Claus money is running out. Thatcher's infamous statement about socialism held true.

Btw.

Italy recently became one of the most appealing tax havens in the world. After squeezing every drop of blood out of domestic businesses and wealthy businessmen, forcing them to move out of country, they finally decided to turn 180 degrees and rolled out big incentives.

For example, lump sum tax of EUR 100K for exemption of all tax on all foreign source income. What's more, if you pay that 100K, they deem all foreign source income "clean" as there's no obligation to declare the origin of funds. This is better than most banana republics with a territorial tax regime, because they typically want you to declare the amounts and origin of income, even if untaxable.

For high earners, Italy is a high profile tax haven and a laundry washer in one. Go in with 10M of drug money (foreign-earned :D!), declare it as foreign source income (no questions asked), pay 100K tax, and you're left with 9.9M of clean funds. You'll get an Italian tax return which is about as good as it gets - a "source of funds" document that covers 10M that you can use wherever you put your money next.
 
Last edited:

neweraoffshore

IT Nerd Offshore Guy
Entrepreneur
Mentor Group
@blockchain4ever depends on your country. For example if you are taxed and live in Germany then it is dead for you as this would violate the "Deutsches Aussensteuergesetz" . I am sure multiple EU countries have similar laws like this.
 

blockchain4ever

Building Trust
Entrepreneur
@blockchain4ever depends on your country. For example if you are taxed and live in Germany then it is dead for you as this would violate the "Deutsches Aussensteuergesetz" . I am sure multiple EU countries have similar laws like this.
Most of those laws go against the freedom to establish in EU, and as far as I can tell, the law you're referring to is being challenged by the EU because of this. So I don't think EU countries are free to erect laws like that.

Of course, EU does allow exit tax laws and has even mandated some form of CFC laws recently.
 
Top