CBS Chicago Logo CBS Chicago Photo Galleries

Latest Galleries

Baby Back Ribs Best Summer Dishes
Photo: Sonja Flemming/CBS CBS 2013-2014 Prime Time Shows
(credit: Cameron J Spencer/Getty Images) Flash Forward: Concept Cars...
Chicago Cubs (15-22) Baseball Shots Of The Week –...
LL Cool J in the Kings of the Mic Tour Best Summer Festivals and...
Chicago Cubs (11-20) Baseball Shots Of The Week –...
Tacos Best Mexican Cuisine
Film Society Of Lincoln Center 34th Gala Tribute To Diane Keaton Celebrities With Asthma
Chicago White Sox (10-14) Baseball Shots Of The Week –...
Sweetheart Necklines Best Wedding Dress Styles For...
Chicago White Sox (7-11) Baseball Shots Of The Week –...
Miami Heat NBA Cheerleaders – April 19,...
The Des Plaines River floods well past its banks near Maywood and Oak Park, at Madison Street. (Photo courtesy Scott Davidson) Chicago Flooding
2013 MTV Movie Awards - Show MTV Movie Awards 2013
"Star Wars" creator, George Lucas Famous Fans of Star Wars
New York Knicks (53-27) NBA Team Recap – April 15,...
  • Page 0
  • Page 1
  • Page 2
  • Page 3

Tax Havens For When You Win The Lottery

Category
Lighter Side Of Taxes
Previous Image Next Image Next Gallery: World Music Festival
World Music Festival Chicago
(credit: Thinkstock)
  • Andorra
    Andorra
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EAndorra%2C%20a%20small%20country%20nestled%20between%20Spain%20and%20France%2C%20doesn%26%238217%3Bt%20have%20any%20income%20tax%20for%20individuals%20or%20companies.%20It%26%238217%3Bs%20only%20real%20taxes%20are%20customs%20duties%2C%20local%20property%20taxes%20and%20corporate%20registration%20fees.
    (credit: Thinkstock)
    Anguilla
    Anguilla
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThis%20British%20territory%20in%20the%20Caribbean%20is%20a%20neutral%20tax%20jurisdiction.%20There%20are%20no%20income%2C%20capital%20gains%2C%20estate%2C%20profit%20or%20other%20direct%20taxes%20on%20people%20or%20companies.%20You%20don%26%238217%3Bt%20even%20have%20to%20be%20a%20resident.%20With%20beaches%20like%20this%2C%20why%20keep%20your%20vast%20fortune%20anywhere%20else%3F
    (credit: Thinkstock)
    Bahamas
    Bahamas
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThe%20Bahamas%20is%20a%20collection%20of%20islands%20southeast%20of%20Florida.%20This%20popular%20vacation%20destination%20offers%20fun%20in%20the%20sun%20but%20doesn%26%238217%3Bt%20tax%20personal%20income%2C%20capital%20gains%2C%20inheritance%20or%20gifts.
    (credit: Thinkstock)
    Bermuda
    Bermuda
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EBermuda%20doesn%26%238217%3Bt%20currently%20offer%20much%20in%20the%20way%20of%20tax%20benefits%20for%20individuals%2C%20but%20businesses%20are%20totally%20exempt%20from%20income%20and%20capital%20gains%20taxes.%20So%20if%20you%20just%20won%20the%20lottery%20and%20want%20to%20start%20a%20business%20on%20an%20island%20in%20the%20Atlantic%2C%20Bermuda%20might%20be%20the%20best%20place%20for%20you.%20%0D%0A
    (credit: Thinkstock)
    Cayman Islands
    Cayman%20Islands
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThe%20Cayman%20Islands%2C%20in%20the%20western%20Caribbean%2C%20relies%20solely%20on%20import%20duties%2C%20tourist%20fees%2C%20licensing%20fees%20and%20other%20indirect%20methods%20of%20taxation.%20Investors%20don%26%238217%3Bt%20have%20to%20pay%20income%2C%20capital%20gains%2C%20gift%20or%20estate%20taxes.%0D%0A
    (credit: Thinkstock)
    Cyprus
    Cyprus
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ECyprus%2C%20in%20the%20eastern%20Mediterranean%2C%20just%20south%20of%20Turkey%2C%20is%20home%20to%20beautiful%20beaches%2C%20historical%20landmarks%20and%20an%20extremely%20low%20corporate%20tax%20rate%20%2810%25%29.%20And%2C%20as%20if%20that%20weren%26%238217%3Bt%20enough%20of%20a%20draw%2C%20there%20is%20no%20capital%20gains%20tax%20or%20withholding%20tax%20on%20offshore%20companies.
    (credit: Thinkstock)
  • Dubai
    Dubai
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThe%20benefit%20of%20managing%20investments%20or%20companies%20in%20Dubai%20is%20that%20there%20are%20no%20taxes%20of%20any%20kind.%20This%20Middle%20Eastern%20state%20%26%238211%3B%20part%20of%20the%20United%20Arab%20Emirates%20%26%238211%3B%20won%26%238217%3Bt%20audit%20you%2C%20nor%20will%20its%20government%20agencies%20require%20you%20to%20share%20information.
    (credit: Thinkstock)
    Gibraltar
    Gibraltar
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EThis%20British%20territory%2C%20located%20at%20the%20opening%20to%20the%20Mediterranean%20is%20a%20great%20place%20to%20run%20a%20company%2C%20as%20long%20as%20you%26%238217%3Bre%20not%20a%20resident.%20According%20to%20Gibraltar%20law%2C%20a%20company%20managed%20by%20a%20non-resident%20enjoys%20tax%20exempt%20status.%20%20
    (credit: Thinkstock)
    Hong Kong
    Hong%20Kong
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EWhat%26%238217%3Bs%20most%20attractive%20about%20investing%20or%20saving%20money%20in%20this%20small-city%20state%20along%20the%20south%20coast%20of%20China%3F%20Hong%20Kong%20isn%26%238217%3Bt%20part%20of%20the%20Organization%20for%20Economic%20Cooperation%20and%20Development%20%28OECD%29.%20They%20still%20charge%20taxes%2C%20but%20the%20percentages%20are%20way%20lower%20than%20the%20international%20average.
    (credit: Thinkstock)
    Luxembourg
    Luxembourg
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ELuxembourg%20has%20long%20been%20one%20of%20Europe%26%238217%3Bs%20most%20popular%20tax%20havens%2C%20with%20some%20of%20the%20strongest%20secrecy%20laws%20around.%20More%20recently%2C%20the%20country%20has%20moved%2C%20with%20some%20success%2C%20to%20overcome%20its%20haven%20status.
    (credit: Thinkstock)
    Monaco
    Monaco
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EMonaco%20is%20an%20independent%20city%20state%20situated%20along%20the%20scenic%20French%20Riviera.%20Although%20Monaco%20charges%20taxes%20to%20companies%20and%20French%20residents%2C%20the%20country%26%238217%3Bs%20taxes%20are%20extremely%20low.%20Foreigners%20can%20stay%20tax%20exempt.
    (credit: Thinkstock)
    Panama
    Panama
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EPanama%2C%20one%20of%20the%20most%20beautiful%20countries%20in%20the%20Caribbean%2C%20does%20not%20charge%20any%20tax%20on%20income%20produced%20from%20sources%20outside%20the%20country.%20That%20includes%20proceeds%20from%20sales%20made%20outside%20of%20the%20country.
    (credit: Thinkstock)
  • Saudi Arabia
    Saudi%20Arabia
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ESaudi%20Arabia%20is%20so%20rich%20in%20natural%20resources%20like%20gold%2C%20coal%2C%20uranium%20and%20oil%20that%20the%20economy%20doesn%26%238217%3Bt%20rely%20on%20corporate%20taxes%20as%20a%20primary%20source%20of%20revenue.%20Their%20taxes%20range%20from%20extremely%20low%20to%20nonexistent.
    (credit: Thinkstock)
    Switzerland
    Switzerland
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3ESwitzerland%20is%20the%20%231%20tax%20haven%20in%20the%20world.%20This%20mountainous%20European%20nation%20has%20a%20long%20history%20of%20bank%20secrecy.%20On%20top%20of%20that%2C%20the%20Swiss%20do%20not%20consider%20tax%20evasion%20to%20be%20a%20crime.%20What%20more%20could%20you%20ask%20for%3F
    (credit: Thinkstock)
    Vanuatu
    Vanuatu
    %28credit%3A%20Thinkstock%29%20%3Cbr%20%2F%3EBesides%20beautiful%20views%20and%20great%20weather%2C%20this%20South%20Pacific%20island%20nation%20offers%20protective%20banking%20secrecy%20laws%20as%20well%20as%20privacy%20and%20confidentiality%20for%20its%20clients.%20Vanuatu%20will%20take%20care%20of%20your%20money.%0D%0A
    (credit: Thinkstock)
Anguilla
(credit: Thinkstock)
This British territory in the Caribbean is a neutral tax jurisdiction. There are no income, capital gains, estate, profit or other direct taxes on people or companies. You don’t even have to be a resident. With beaches like this, why keep your vast fortune anywhere else?
Thimbnails Show/Hide
View Comments

More Photo Galleries

Show/Hide Thumbnails
Up
  • Most Popular (5)
  • 2 Broke Girls (2)
  • 9/11: 10 Years Later (2)
  • Air & Water Show (1)
  • Art (1)
  • Arts & Culture (15)
  • Autos (47)
  • Autos News (11)
  • B&B Show (1)
  • Back to School (3)
  • Bears (99)
  • Best Of (95)
  • Blackhawks (24)
  • Blogs (8)
  • Bulls (45)
  • Business (7)
  • Campaign Center (1)
  • College (9)
  • College Sports (1)
  • Colorectal (2)
  • Consumer (9)
  • Cubs (27)
  • DePaul (3)
  • Earth Day (3)
  • Enjoy Golf's Best Round Giveaway (2)
  • Entertainment (100)
  • Events (1)
  • Fall Content (2)
  • Fall Winter Guide (5)
  • Family (7)
  • Family & Pets (19)
  • Father's Day CHI (3)
  • Fire (9)
  • Food (6)
  • Food & Drink (13)
  • Gay Pride (2)
  • Grammys (6)
  • Halloween (9)
  • Health (22)
  • Healthwatch (4)
  • Heard on 670 The Score (7)
  • Holiday (5)
  • Holiday Season (5)
  • Home Improvement (2)
  • How To Be A Gentleman (2)
  • Illinois (9)
  • July 4th (6)
  • Kids (2)
  • Labor Day (4)
  • Lighter Side Of Taxes (1)
  • Local (42)
  • M&H Show (1)
  • M&S Show (1)
  • Mancave (6)
  • Mazda Chalk Talk (4)
  • Memorial Day (3)
  • Mother's Day (4)
  • Movies (10)
  • Music (7)
  • NATO Summit (5)
  • NCAA Tournament (3)
  • News (51)
  • Newsmakers Series (9)
  • NFL (37)
  • NFL Draft (1)
  • NFL Kickoff (5)
  • NFL Playoffs (1)
  • NFL Tips & Rumors (1)
  • NHL (3)
  • Nightlife (2)
  • Nightlife & Music (29)
  • Northwestern (8)
  • Notre Dame (9)
  • Only CBS (6)
  • Pets (1)
  • Photo Galleries (100)
  • Photos (13)
  • Politics (25)
  • Pro Golf (2)
  • Score Originals (3)
  • Shopping (1)
  • Shopping & Style (7)
  • Sports (100)
  • Spring Summer (10)
  • St. Patrick's Day (1)
  • Summer Content (1)
  • Syndicated Local (14)
  • Syndicated Sports (8)
  • Tailgate Fan (2)
  • Tech (7)
  • The Boers And Bernstein Show (3)
  • The Score's 20th Anniversary (11)
  • Theatre (1)
  • Travel & Outdoors (26)
  • Valentine's Day (1)
  • Verticals (1)
  • White Sox (37)
  • Wolves (2)
  • Your Home (3)
Down
Previous
Lighter Side Of Taxes(1)
Next
blog comments powered by Disqus
Back to Top
CBS Chicago

©2013 CBS Local Media, a division of CBS Radio Inc. All rights reserved.

  • Privacy Policy
  • Ad Choices
  • Terms of Use
  • Advertise With Us
  • Contest & Promotion Rules
  • EEO Reports
  • WBBM-TV Public File
  • Deals
Powered by WordPress.com VIP
CBS Chicago
Buy TicketsOrder Food
More
ChannelsBuy TicketsOrder FoodYour HomeContestsMobile AlertsEmail Alerts
  • Daily Deals
    Half off from MG Direct
Follow Us Facebook Twitter

Select a Live Stream

News, Sports and Talk Radio

  • WBBM Newsradio Click to listen to WBBM Newsradio
  • 670 The Score Click to listen to 670 The Score

Music Radio

  • WBBM-FM Click to listen to WBBM-FM
  • WJMK-FM Click to listen to WJMK-FM
  • WUSN-FM Click to listen to WUSN-FM
  • WXRT-FM Click to listen to WXRT-FM
  • Last.fm Click to listen to Last.fm
  • radio.com Click to listen to radio.com
  • MP3.com Click to listen to MP3.com