After CRS, are there any other tax havens besides Cayman Islands? How to reasonably avoid global tax risks?

First, I'll tell you the latest news. The Cayman Islands used to be a tax haven, but now it has completely collapsed. 1 After July 2065438, the Cayman Islands officially promulgated the Detailed Rules for the Implementation of the Economic Substantive Law. According to this requirement, those "shell companies" established in Cayman but with foreign entities must meet the economic requirements (20 19 1 should be established on June 65438. Those who make false statements or misleading statements will be fined or criminally liable for five years or both.

In fact, the question you asked is very complicated, involving offshore companies, CRS and global tax planning, and it is not clear. There are many countries with low taxes, such as Malta, European tax havens and southern Europe Switzerland. As a non-global taxation country, it also enjoys four preferential tax policies: exemption from real estate tax, net wealth tax, inheritance tax and gift tax. For those who set up companies in Malta, Malta not only has preferential tax policy support, which can guarantee tax reduction and exemption, but also can enjoy the tariff subsidies of the European Union. It is a world-class "low tax" paradise. Our group Aoxing Nanjing Company has done many such things. Many customers not only took a fancy to Malta's four generations of immigrants and the four-in-one Schengen green card, but also took a fancy to his low tax rate.

If you want to ask offshore companies, offshore companies, in fact, the most popular offshore companies are Hong Kong companies, followed by Singapore, Britain, the United States, and island companies such as Cayman, BVI and Marshall.

CRS in China is mainly aimed at offshore companies. So what is CRS?

CRS, the common reporting standard, * * * is the same as the reporting standard. It was put forward by the Organization for Economic Cooperation and Development (OECD), aiming at cracking down on tax evasion by using cross-border financial accounts and improving tax transparency by strengthening global tax cooperation. To give a simple example, for example, if we China people go to Britain one day and deposit a large sum of money, then British banks are obliged to disclose to State Taxation Administration of The People's Republic of China the information on how much money China people have deposited, which is information exchange. In fact, the first country to exchange information was the United States. The United States began to implement the principle of information exchange on 20 10, that is, its FATCA, commonly known as the Fat Cat or Fat Coffee Act. The United States pushes hard, but it is very effective. For example, as soon as the United States found Switzerland, Switzerland disclosed the deposit information of all Americans to the United States and collected a large amount of taxes for the United States, so the United States required all countries in the market to sign information exchange rules with him. Later, OECD countries began to follow suit. 20 18 65438+ 10/month 1, China implements tax exchange CRS with the world. Now is the second year, and the first batch of information has been exchanged. The standard for the last exchange is that the balance of overseas personal account is greater than 1 ten thousand dollars (excluding real estate).

Then CRS will not only affect your offshore companies, but also affect your overall global asset allocation, so this needs professional accountants, lawyers and the most professional immigration consultants to analyze for you. Otherwise, it will be operated by such an inexperienced person. You don't know what money was spent at that time. Finally, I will give you an appendix about the influence of CRS. Most importantly, if there is a need for global asset allocation, remember to call our Austar Nanjing Company. We will eradicate your situation and tailor the most suitable and reasonable global asset allocation scheme for you.

Who will CRS bring risks to:

1. Customers who hide huge amounts of property abroad and fail to pay taxes legally.

2. High-net-worth individuals who have emigrated or acquired foreign nationality.

3. Senior officials or their families who hide assets abroad.

4. Customers who want to transfer funds by bypassing foreign exchange control.

5. Owners of overseas trading companies

6. Employees of financial institutions

7. Customers with overseas family trusts

8. Customers with insurance overseas.

9. Customers who are going through immigration procedures