The advantage that people like Warren Buffet have is that they have structured their finances using Legal Offshore Structures and Tax Planning that reduce their liability to pay tax. This way they actually save money. These structures are not just for the rich but are available for all to use. The structures are legal and have been implemented by most governments in the world.
The end result of pooling assets into Offshore Structures is that more money is available for re-investing into countries with better environments for investing and these countries are protected from things such as the financial crisis. If you look up the Bahamas on the internet, you will find that they have a flat consumption tax and no other tax. This means that everything lands in the Bahamas tax neutral and only the consumption tax is added at each level of purchase. The businesses are expanding astronomically as is the country.
This means more jobs for the locals, more opportunities and the end result for the Bahamas Government is more money available for them to provide the services that a Government should be providing.
So where are the best Offshore Jurisdictions?
I can only speak for the Republic of Seychelles. Seychelles has a very stable Government, very strong legislation, is extremely friendly and has some of the best Financial Vehicles in the world. These are the things that are used to protect your assets and plan your taxation.
For more information see www.zenoffshore.sc or if you are a Professional Intermediary or Reseller http://partners.zenoffshore.sc
