Tax-avoidance schemes, that include creating offshore accounts in tax-free countries, are being offered to the wealthy like vacation packages. A screenshot of the TMS Group’s “International Business Company Packages” page shows several plans — called “The Indian Ocean,” “The Caribbean,” and “The Oasis” — being offered to businesses or individuals shopping around for the best place to open up an offshore account. Two of the packages promote setting up a company in one country, then creating a business address and offshore bank account in two more countries. Seychelles and Belize are offered as possible locations for the company set-up, while Malaysia is the chosen country for business addresses. The goal proposals of this nature is to allow third-party companies to profit off tax havens while staying in a legal grey area. There are a large number of companies offering to play the middle-man in a range of tax avoidance services, and the internet has allowed for a proliferation of these companies globally and the super wealthy happily use their services to hide their money and avoid paying taxes.
This video was produced by YT Wochit Business using http://wochit.com