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  • Writer's pictureAccountant High Wycombe

9 Tax Heavens of Europe


Tax Heavens of Europe


If money did not make happiness, those who do not always seek to find a little hidden paradise to enjoy it without having to share it with their peers (in one word). And no need to go to the end of the world to find a safe house worthy of the name.



1. Bulgaria

What a beautiful country that Bulgaria! 10% is the tax rate on income, whether you are foreign or local, and especially whatever your income. A nice welcome gift for all fiscal "optimizers" who are looking for a little piece of heaven for them and their nest egg.




2. Ireland

If Apple and other digital behemoths have settled there in recent years, it is not for the mild climate. By domiciling their company in these green countries, the shareholders benefit from more than privileged tax conditions (no VAT or profit tax). As for individuals, Ireland is above all a superb hideout for authors, artists, singers, writers and inventors who are exempt from all taxes!




3. Belgium

It's crazy as the flat country attracts the most moneyed French. If the tax schedule is not very different from ours, some tax changes make it a little paradise for big money. In Belgium, there are almost no taxes on capital, inheritances, donations or capital gains. The beautiful life what!




4. Switzerland

In Switzerland as in France, you pay a tax on your income ... But only those related to work. On the other hand, most cantons do not tax capital (real estate or financial), donations or estates. As for the TFR, it is limited to 0.1 or 0.2% depending on where one is domiciled. The only problem, since the scandal LuxLeaks, Switzerland is committed to an effort of transparency and collaboration with the tax services of its neighboring countries. It's beautiful the denunciation ...




5. The Netherlands

The Netherlands is ranked third "worst tax haven" by the NGO Oxfam, just behind Bermuda and the Cayman Islands. Not bad for one of the founding countries of the European Union. This is the preferred tax haven for large European and American companies, which, by a clever footwork orchestrated by the Dutch state, manages to clear sometimes completely of its obligations related to the tax. On the other hand, as a private individual, there are no big financial benefits to settling there.




6. Monaco

To pay no income tax, property tax, housing or even wealth tax, all you have to do is become a resident of Monaco. Indeed, if you keep the French nationality, you will remain indebted to the French FISC (fucking). The question is: how to become Monegasque. Answer: attest to a place of residence in Monaco. Spend more than 3 months a year. Guarantee sufficient financial resources (minimum 500,000 euros deposited in a Monegasque bank) and have a clean criminal record. Welcome to Monaco!




7. Luxembourg

Luxembourg is not only a superb hideout for businesses who are looking for anything (if it's free it's better) to avoid tax, but also for individuals with a large heritage. They see their income related to long-term investments (real estate, life insurance) taxed at only 10%. And again, financial mounts, under the guise of companies, would make it possible to fudge the taxes on capital gains. Lux-embourg in all its splendor.




8. Portugal

If pensioners love Portugal as much, it is as much for its comfort of life, as for that of their heritage. Due to our unusual tax resident status, our seniors are exempt from income tax for 10 years (except for investments taxed at 28%). Oh, and since the Portuguese are so cool, they decided not to introduce the ISF.




9. Italy

Italy is not a tax haven for everyone, especially with a tax rate of around 40%. On the other hand, the rents you pay there are deductible from your taxable income. Basically, rather than paying back the money you earn, just use it to pay the rent for your villa and your second home on the shores of Lake Como. It's always money that these bastards of the poor will not benefit.


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