Ever heard of the "Double Irish Dutch Sandwich" and wondered why the rich used it to avoid taxes? The secret lies in tax havens. In this video, we explain what tax havens are, how they work, and why they matter. From offshore accounts to shell companies, we uncover the strategies the wealthy use to protect their money and reduce their tax bills. You’ll learn about famous tax haven countries like the Cayman Islands and Switzerland, and how these systems impact the global economy.
With simple explanations, real-life examples, engaging visuals, and a touch of humor, this video breaks down the secrets of tax havens for beginners. Whether you’re curious about how the ultra-rich avoid taxes or want to understand why tax havens exist, this is the ultimate guide!
You can watch the:
1. "How the Rich Avoid Paying Taxes?" here: • How the Rich Avoid Paying Taxes?
2. "How the Rich Use Debt to Get Richer?" here: • How the Rich Use Debt to Get Richer? \
Chapters:
0:00 Introduction
0:52 What is a Tax Haven?
2:30 How Does a Tax Haven Work? (CFC, Transfer Pricing, Double Irish Dutch Sandwich)
11:00 Why Countries Becoming Tax Havens?
12:22 Examples of Famous Tax Havens
13:44 Controversies and Solutions
Explains 101