{"id":560,"date":"2022-10-04T10:29:25","date_gmt":"2022-10-04T10:29:25","guid":{"rendered":"https:\/\/webfastsg.com\/offshore\/?post_type=encyclopedia&#038;p=560"},"modified":"2022-10-04T10:29:25","modified_gmt":"2022-10-04T10:29:25","slug":"tax-haven","status":"publish","type":"encyclopedia","link":"https:\/\/webfastsg.com\/offshore\/encyclopedia\/tax-haven\/","title":{"rendered":"Tax Haven"},"content":{"rendered":"<p><span data-sheets-value='{\"1\":2,\"2\":\"A tax haven is a country or territory where certain taxes are levied at a lower rate or not at all. Individuals and businesses can use tax havens to reduce their tax liability. Tax havens often have low or no taxes on income, capital gains, estate, and inheritance. They may also offer secrecy laws that prevent disclosure of information about taxpayers and their assets.\"}' data-sheets-userformat='{\"2\":769,\"3\":{\"1\":0},\"11\":4,\"12\":0}'>A tax haven is a country or territory where certain taxes are levied at a lower rate or not at all. Individuals and businesses can use tax havens to reduce their tax liability. Tax havens often have low or no taxes on income, <a href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/capital-gains\/\" target=\"_self\" title=\"A capital gain is an increase in the value of a capital asset (such as real estate or shares in a company), resulting in a financial profit for the owner. The calculation of a capital gain is usually based on the difference between the purchase price and the selling price of the asset. If the&hellip;\" class=\"encyclopedia\">capital gains<\/a>, <a href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/estate\/\" target=\"_self\" title=\"Estate refers to the property or possessions of a person. In legal terms, estate can refer to both real estate and personal property. Real estate includes land, buildings, and any improvements on the land. Personal property includes all other possessions of a person, such as cars, furniture, jewelry, and art. An estate can also refer&hellip;\" class=\"encyclopedia\">estate<\/a>, and inheritance. They may also offer secrecy laws that prevent disclosure of information about taxpayers and their <a href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/assets\/\" target=\"_self\" title=\"An asset is anything that can be used to produce economic value and generate benefits. It may be tangible, like a factory or piece of land, or intangible, like a patent or copyright. In accounting, assets are divided into two broad categories: current assets and non-current assets. Current assets are those that are expected to&hellip;\" class=\"encyclopedia\">assets<\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A tax haven is a country or territory where certain taxes are levied at a lower rate or not at all. Individuals and businesses can use tax havens to reduce their tax liability. Tax havens often have low or no taxes on income, capital gains, estate, and inheritance. They may also offer secrecy laws that &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/webfastsg.com\/offshore\/encyclopedia\/tax-haven\/\"> <span class=\"screen-reader-text\">Tax Haven<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"encyclopedia-tag":[],"class_list":["post-560","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia\/560"}],"collection":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/media?parent=560"}],"wp:term":[{"taxonomy":"encyclopedia-tag","embeddable":true,"href":"https:\/\/webfastsg.com\/offshore\/wp-json\/wp\/v2\/encyclopedia-tag?post=560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}