What is the world’s best tax haven country? I know that thinking of tax havens creates the illusion of a dreamy Caribbean island. This is because global media most certainly puts the spotlight on Caribbean countries as the world’s best tax havens. Although it is mostly for the wrong reasons which is very hypocritical of them.
Of course their objective is to draw your attention away from a popular assumption which they have promoted for far to long. This is the assumption that banking institutions in the OECD are founded on legitimacy. However, you would be jumping to conclusions by assuming the world’s largest destinations for illicit funds is not the OECD countries themselves. Indeed, all the biggest tax havens can be found there.
Just ask Apple, Google, LinkedIn and Facebook why they are headquartered in Ireland instead of say, India where most of their employees are from. The answer is tax avoidance! This is the worst kept secret of the global financial industry.
Billionaires Prefer the OECD Tax Havens
Furthermore, ultra high net worth individuals from undeveloped non OECD countries seeking to stash ill gotten gains unequivocally turn to the OECD for protection. Benefits include secrecy, trophy assets and tax free revenues. But most essentially they seek the nonreciprocal data sharing policies which shun non OECD countries.
As a result, these corporations and individuals can have their cake and eat it too – in the OECD. Indeed, the world’s biggest tax havens are hidden in plain sight under the veil of OECD legitimacy.
Paradox of “Legitimate” OECD Tax Haven Countries
The paradoxical difference between the legitimacy and illegitimacy of all tax havens lies in the history of the country. The fact is that the most powerful OECD countries have a long, long history of colonial exploitation.
Their infamous involvement in slave trading, opium dealing and commodity exploitation expands over many centuries. This in no way makes them legitimate tax havens, the opposite is true!
The financial foundation of the United Kingdom, France, Belgium and many other wealthy OECD countries is built on exactly what they have ostensibly always protected us from. This is the blunder of Western history, an obvious hypocritical flaw of their fading hegemony.
Yet it is so obvious to the vast majority of the world’s population residing in the global south, while the wealthy OECD countries still turn a blind eye. So where can you find a legitimate tax haven in such a crazy world? The answer is St Kitts and Nevis.
The World’s Best Tax Haven is Born
The exact opposite of the above paradox is true for St Kitts and Nevis. In contrast, St Kitts and Nevis was a former slave colony controlled by the British. It was known as the “Mother Colony”. This is where the British maintained hundreds of thousands of slaves to keep the cost of sugar production low so they could cash in on the insatiable demand for cheap sugar from the European middle class.
Obviously, slavery was long held as acceptable business practice for most Europeans. Right up until cheaper sources of sugar production were discovered. As a result, slavery was abandoned and the African slaves along with it. But the slaves and their decedents did not simply disappear, they are still there in St Kitts and Nevis.
The Independence of St Kitts and Nevis
St Kitts and Nevis officially became an the independent country known as the Federation of Saint Christopher and Nevis on September 19, 1983. However, the sugar cane industry on which their economy was based had for many, many years been obsolete.
Obviously, slave labor was the secret sauce that made the colonial countries so prosperous. But the government of this newly independent country was left with no tax base from which to draw revenues.
In fact, they had already eliminated all income tax for individuals with the Income Tax Act in 1980. Therefore, since 1980 citizens of St Kitts and Nevis had no income tax, capital gains tax, inheritance tax, wealth tax or dividend tax.
These tax haven benefits would certainly have been very beneficial to Kittians and Nevisians, but they did not have a functioning economy. So unfortunately, they didn’t have the necessary level of income to generate any tax problems. Just the same, St Kitts and Nevis had become a legitimate tax haven.
Illegitimacy of the OECD Tax Havens
In stark contrast with the OECD, the tax haven benefits on St Kitts and Nevis were hereditary. Nonetheless, both types of tax havens have their roots in the slave trade. Yet long after the abolition of slavery, rich OECD counties continue to be on the receiving end of the vast majority of the world’s illicit funds flows.
On the other hand, St Kitts and Nevis is a tax haven only by necessity; it has always been that way since before their independence. This long standing legitimacy makes St Kitts and Nevis the world’s best tax haven country.
St Kitts and Nevis CBI Est. Since 1984
In further benefit, St Kitts and Nevis established their award winning citizenship by investment program (CBI) immediately after they obtained independence. The CBI revenues were crucial in maintaining independence from their former colonial master.
The St Kitts and Nevis CBI program is indeed long standing and has a good reputation. In 2022, the island federation was recognized for its high quality program by the Financial Times and voted the #1 CBI in the world.
But what makes the St Kitts and Nevis passport most beneficial to those seeking second citizenship is, of course, their income tax laws. As a result, CBI applicants can get the best of both worlds.
In addition, through the CBI program, you can help to correct the injustice of slavery that for so long brought prosperity to the OECD and misery to Caribbean countries such as St Kitts and Nevis.
Learn More about the Best Tax Haven
In St Kitts and Nevis, successful CBI applicants get the world’s best tax haven protection in combination with the benefits of their second citizenship. Protect your family, your wealth and your freedom.
Contact me to achieve the benefits of global access, economic freedom and equanimity. See how you can contribute to rectifying colonial crimes while receiving immense financial benefits in return. St Kitts and Nevis is your ticket to perpetual freedom and legitimacy.