Let’s take a look at the nations that serve as tax havens. Tax havens provide limited or no tax requirements for foreign individuals and businesses, as well as a stable political and economic climate. Organizations can legally deposit money earned abroad into tax havens to avoid paying more taxes in the U.S. and other nations. These nations are similar to Hong Kong, Switzerland, Singapore, Jersey, Luxembourg, Dubai, and Bahrain. These should actually be impoverished nations, but the situation is completely reversed. They are both among the wealthiest and among the highest-standard nations. Considering that their tax rates are as low as possible or almost nonexistent, it makes sense. Their leaders seem to be the most astute and skilled at luring the wealth of their nations. Furthermore, the governors create some of the most aesthetically pleasing and beautiful nations imaginable in terms of both human needs and infrastructure. All over the world, all we can do is dream; everything else simply becomes tempting and a magnet for wealth. For a very long time, the wealth of extremely wealthy individuals and powerful organizations has found a safe haven in these countries. Abundance is often found where wealth is concentrated. Of course, there are other nations with low interest rates, but what factors deter reputable companies from investing there? In short, it all depends on the state's governance and trust in it. The main problem is the selection of voters. The issue arises when voters fail to select the most suitable candidates who can manage the state's finances and ensure the prosperity of the people. Therefore, the problem lies with the people themselves, since they do not act in their interest.
Author Sezgin Ismailov
