IBC BELIZE: OFFSHORE LEGISLATION
Swiss Report 2005 Tax Haven Evaluations
Guaranty Trust Ltd. In Switzerland investigates and publishes an annual report,
rating
World Wide Tax Havens under the following categories.
|
| # |
OFFSHORE PROVISION |
WEIGHT |
POINTS |
| |
|
|
|
| 1 |
Codified Bank Secrecy |
+5 |
+5 |
| 2 |
Bearer Shares |
+5 |
+5 |
| 3 |
Nominee Shareholders |
+3 |
+3 |
| 4 |
Reporting of Accounts |
-2 |
+0 |
| 5 |
English Common Law |
+5 |
+5 |
| 6 |
Accessibility |
+1 |
+1 |
| 7 |
Communications |
+5 |
+5 |
| 8 |
Tax Treaties |
+or- 5 |
+5 |
| 9 |
Favorable Court Decisions (Secrecy) |
+5 |
+5 |
| 10 |
No Exchange Controls |
+5 |
+5 |
| 11 |
English Language Used |
+3 |
+3 |
| 12 |
Major Banks Available |
+3 |
+3 |
| 13 |
Government Stability |
+3 |
+3 |
| 14 |
No Taxation |
+5 |
+5 |
| 15 |
Low Taxation |
+or- 5 |
+0 |
| 16 |
Change of Situs (Cuban Clause) |
+3 |
+3 |
| 17 |
Annual Tax Return Required |
-3 |
+0 |
| 18 |
True Identity of Beneficial Owner |
-5 |
+0 |
| 19 |
Practical Usage |
+or- 5 |
+5 |
| 20 |
Numbered Accounts Available |
+3 |
+3 |
| |
|
|
|
| |
TOTAL COMPOSITE RATING |
|
+64 |
Results Of
Top 10 Tax Havens
| |
1 |
Belize |
@61 |
| |
2 |
Panama |
@56 |
| |
3 |
Nevis |
@54 |
| |
4 |
British Virgin Isles |
@49 |
| |
5 |
Anguilla |
@48 |
| |
6 |
Sechelles |
@47 |
| |
7 |
Turks & Caicos Isles |
@46 |
| |
8 |
Bermuda |
@45 |
| |
9 |
Barbados |
@42 |
| |
10 |
Liechtenstein |
@41 |
*NOTE: Belize is the first Tax Haven
to reach a rating of 60.
