Looking for privacy in Tax havens

  • Posted By : Admin
  • September 04, 2016
  • Tax havens
  • 0 Comments

For many people, the search for privacy and freedom is a basic vital goal that very commonly is found in tax havens

It is a fact that we are increasingly harassed in our private lives. For many systems, details of our health, our lifestyle and our habits are accessible to large numbers of people. For example, our image is collected every day by several of the thousands of cameras that record around the clock public places in our cities. This monitoring is intended to combat the crime and has a good deterrent power and its role in solving serious crimes is usually minimal. The mobile phone allows you to locate a person, knowing what number to call, from where and how long the call takes. In addition, a large number of mobile phones have cameras and can take snapshots anywhere, and they can be filed, handled or distributed worldwide.

One aim of the attacks on our private lives is aggressive marketing strategies. Every day our personal data are, in electronic form, accessible to more and more people. There are notes of concern that the methods of scanning computerized information and passing data are advancing quickly. The database already built can allow, at least theoretically, the simultaneous investigation of millions of commercial transactions and banking data in real time; that is to say, at the same time they are happening. There are projects of new systems to explore our data to establish our consumer profiles and to try and sell more products and services. In this case you can protect yourself using of an anonymous card offered by tax havens. This type of card does not include your name and thus protects your privacy and leaves no trace when making purchases.

Another threat to our privacy comes from the interest of our governments to know the amount of money we have, the nature of our investments and the movement of our funds. However, to save us from this threat, there is a solution. Many people can access greater protection of their privacy by moving part of their funds in an offshore account. Most of tax havens and offshore jurisdictions are quite isolated islands or countries and their economy is built on the protection of banking and private information of the clients and which do not have the treaties of the exchange of information with the countries of high taxation. Moving the funds, even if only a part of them, to one of the tax havens will protect your assets and will allow you to take advantage of a guaranteed privacy.

Internet has also revolutionized privacy. We can access more information than ever, but also provide through the network more information about us than we can imagine. Systems like cookies, can know what pages we have visited in the network and what our profile of Internet user is. There are programs that can be installed on the computer of another person to let you monitor everything he does, even what he is writing at a given time. Each time you make an online purchase, the buyer asks for your details that may be sold to other companies and users. To date, we can state categorically that the network is practically insecure. Interestingly, the European Union itself suggested that Internet service providers (ISP) for a certain time retained customer data, which attacks your privacy. The British Intelligence Service has developed a system of control of all email traffic and Internet, received or sent from Britain. In theory, any electronic message, in whatever form, is available in British Intelligence Service database. So what can we do to protect ourselves? Several years ago a very useful software has appeared that allows us to surf the Internet without our IP's being detected. Also for those who have an online business, one of the solutions may be to host your page on the server registered in a tax haven, for example, Singapore, Costa Rica, Hong Kong or Cayman Islands. 

For many of us, one of the reasons why we started looking for privacy in tax havens is protection against lawsuits. The claims for physicians, surgeons and dentists by malpractice are at alarming levels. Even school principals have been prosecuted for their student’s fortuitous accidents occurring during the school playtime. A similar situation can happen to an ordinary citizen as a result of an unfortunate accident. A lawsuit of this kind can not only lead to a significant loss of heritage, but also the professional downfall. One result of this phenomenon is the "defensive medicine", in which the physician orders a multitude of analysis or evidence before making a diagnostic decision or prescribes treatment. The auditors are the latest newcomers to the club. In many cases it is not enough to have good insurance. It may happen that the claim is not covered by the policy or the amount that is claimed exceeds the coverage. 

Another threat comes from lawsuits. The claims for physicians, surgeons and dentists by malpractice are at alarming levels. Even school principals have been prosecuted for their student’s fortuitous accidents occurring during the school playtime. A similar situation can happen to an ordinary citizen as a result of an unfortunate accident. A lawsuit of this kind can only lead to a significant loss of heritage, but also the professional downfall. One result of this phenomenon is the "defensive medicine", in which the physician orders a multitude of analysis or evidence before making a diagnostic decision or prescribes treatment. The auditors are the latest newcomers to the club. In many cases not enough to have good insurance. It may happen that the claim is not covered by the policy or the amount that is claimed exceeds the coverage. To have savings, income and visible assets makes the work of judges and lawyers easier. One of the first steps that a lawyer requests against the other party, and that a judge is likely to do before a lawsuit, is to know what the status of their movable and immovable possessions is. 

In these situations, the first step to avoid public exposure of the assets we have is to make it difficult for third parties to access all the information. Tax havens in this regard offer an ideal solution because they have privacy laws and banking secrecy protecting their customers. An offshore company with nominee director and shareholder, virtual office and paid bank account are the services offered by many tax havens and it is completely legal to take advantage of these services in order to protect the assets.

As we can see the range of the services available in tax havens that can help protect one's privacy is quite broad. Some of them are critical while others represent precautionary measures that can be taken before your privacy is threatened by outside factors.