According to new research, the world's leading corporate tax havens are identified as three British Overseas Territories: the British Virgin Islands (BVI), the Cayman Islands, and Bermuda. These jurisdictions have been highlighted for their significant role in facilitating corporate tax avoidance globally.
Key Findings on Corporate Tax Havens
A recent report indicates that these three territories consistently rank at the top of new global assessments of corporate tax havens. Their prominence stems from their structures and regulations that make them attractive destinations for corporations seeking to minimize their tax liabilities.
Here's a breakdown of these top-ranked corporate tax havens:
| Corporate Tax Haven | Jurisdiction Type |
|---|---|
| British Virgin Islands (BVI) | British Overseas Territory |
| Cayman Islands | British Overseas Territory |
| Bermuda | British Overseas Territory |
These findings underscore the critical role played by these territories in the global financial system, particularly as destinations for corporate funds and profits that might otherwise be subject to higher taxation elsewhere.
