Barber Financial Advisors - A comprehensive source for offshore financial services

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Telephone 604-657-8689
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The T-8 Tax Havens

Barber Financial Advisors, offers offshore financial services in the T-8 tax havens of Belize, Cook Islands, Nevis, St. Vincent & the Grenadines, Vanuatu, Hong Kong, and Switzerland/Liechtenstein, and other jurisdictions as well. The T-8 countries stand out as best for tax haven and offshore banking purposes today, for Americans and Canadians, as they possess the strongest secrecy laws in the world, and most have not elected to sign a Tax Information Exchange Agreement (TIEA). This is a treaty heavily weighted for the benefit of the U.S. Internal Revenue Service to enable it to obtain what otherwise would be confidential and hard-to-secure information from foreign financial institutions, foreign lawyers and others.

This treaty, which is in no way a tax-benefit treaty, has single-handedly succeeded in undermining the benefits normally afforded by these tax havens to their American customers. The risk factor skyrockets drastically for a U.S. taxpayer or other citizen who utilizes a tax haven that is party to a TIEA. Refer to current T-8 Tax Havens

Therefore, our President, Hoyt Barber, an authority and author on tax havens and offshore banking, has developed a practical reference for identifying the best tax havens and offshore banking centers for maximizing profits, privacy and financial protection in today’s volatile world. It is called the T-8, or the “Green List” of tax havens and offshore banking. This list is revised and updated as required to maintain the integrity of the benefits of those countries listed, and it will be publicized annually for the public’s awareness.

The countries selected were hand-chosen chosen by Mr. Barber based on his twelve criteria for evaluating a tax haven. The twelve factors essential to determining the best tax haven to use for a given purpose are the following:

  1. Tax structure
  2. Political and economic stability
  3. Exchange controls
  4. Treaties
  5. Government attitude
  6. Modern corporation laws
  7. Communications and transportation
  8. Banking, professional and support services
  9. Legal system
  10. Secrecy and confidentiality
  11. International incentives and opportunities
  12. Location.

The acronym T-8 was chosen in direct contrast and response to the well-known G-8 countries and what they represent. These G-8 countries, made up of industrialized nations including Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and Russia, are some of the highest taxing countries of the world. As a result, and in contrast, the T-8 were determined with emphasis placed squarely on their secrecy laws—and most have not elected to sign a Tax Information Exchange Agreement (TIEA), their superior banking services and their overall attractiveness as a tax haven.

For further information and analysis of the T-8 and other tax havens, and the state of tax havens, please refer to Freedom Without Borders: How to Invest, Expatriate and Retire Overseas for Personal and Financial Success, (ISBN #978-0-313-39391-4) by Hoyt Barber, 2011, Praeger Publishing, Santa Barbara, CA, or Tax Havens Today: The Benefits and Pitfalls of Banking and Investing Offshore (ISBN #0-470-05123-X) by Hoyt Barber, 2006, John Wiley & Sons, Inc., Hoboken, NJ.

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