Offshore companies are not illegal, all multinationals have set up ' offshore ' companies in countries with softer tax regime, for a more acceptable to taxing their profits. There are countries in "tax havens" located in a blacklist of OSCE and the establishment and activity of firms ' offshore company ' from these countries is controlled accordingly. But the truth is that States impose great and sometimes intolerable taxation of companies, which has resulted in a reduction in the competitiveness against Asian rivals.
The list of 47 tax havens: 1. Andorra 2. Anguilla 3. Antigua and Barbuda 4. Aruba 5. Bahamas 6. Bahrain 7. Barbados 8. Bermuda 9. Belize 10. British Virgin Islands (11) Brunei, 12. Cayman Islands 13. Cook Islands 14. 15. Costa Rica Chile 16. Dominica 17. Gibraltar 18. Grenada 19. Guatemala 20. Humberside 21. Isle of 22. Jersey 23. Lebanon 24. Liberia 25. Liechtenstein 26. Malaysia 27. Marshall Islands 28. Montserrat 29. Mauritius 30. Monaco 31. Nauru 32. Netherlands Antilles (33). MACEDONIA (FYROM) 34. Niue 35. Panama 36. Philippines 37. 38. Saint Lucia Saint Kitts and Nevis (39). Saint Vincent and the Grenadines 40. Samoa 41. Seychelles 42. Singapore 43. Terks and Caicos Islands 44. Virgin Islands of USA 45. Vanuatu (46). Uruguay 47. Hong-Kong
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