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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.

 
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