Since the release of the Panama Papers in 2016 there has been a lot of heated debate around tax evasion and tax avoidance. I think it is worth noting that while some may try to blur the two together, there are some distinct differences between tax evasion and tax avoidance which I will discuss further below.
Tax evasion is defined by the Internal Revenue Service as ‘the failure to pay or the deliberate underpayment of taxes.’ This carries varying penalties dependent on which jurisdiction one is in but can include severe financial fines or even jail time. Any of the…
If you have already decided that you want to set up your business in an offshore financial jurisdiction but you are unsure as to which country you should look at setting up in then this article is for you. Utilising the five factors that we list below in your decision making process when selecting an offshore jurisdiction will help ensure it fits your company’s specific needs.
IBC's Services Inc.
We are a Barbados based company established in 2008. We provide corporate, legal, accounting and administrative services tailored to the needs of each client.
