Setting up a tax planning/offshore structure is not necessarily only concerned with mitigating taxation but can also be influenced by other, sometimes equally important, factors such as:
Confidentiality – Many individuals and companies in countries such as the United Kingdom and the United States are increasingly worried about the growing invasiveness of their respective governments. Whilst it is accepted that modern ‘terrorist’ threats often require more disclosure than would have occurred in the past, many individuals/companies fear that their governments have used the threat as an excuse to compromise traditional banking confidentiality laws together with increasing bureaucracy
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Bureaucracy & Labour Laws – Many Western countries, particularly in Continental Europe have created extremely non-corporate friendly environments often making it impossible to ‘fire’ unproductive/difficult staff combined with high national insurance contributions. With many of the SCF tax planning jurisdictions these difficulties are often mitigated together with lowering taxes
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Litigation Threats – Countries such as the United Kingdom and the United States have become increasingly litigious over the years
