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Wednesday, August 5, 2009

Labuan = Tax Haven Capital of the World?

"Last year 6,868 offshore companies from 85 countries registered in Labuan [Malaysia], up from 2,211 companies a decade ago. Labuan does not tax offshore holding companies, and it remains a struggle for nosy authorities from abraod to learn your business there. Push down hard on the likes of Switzerland and the Cayman Islands, and postboxes are likely to pop up in havens like Labuan."

Hot Haven
by Richard Morais
http://www.forbes.com/forbes/2009/0803/taxes-labuan-offshore-hot-tax-haven.html

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