Mention the words ‘tax haven’ to the average taxpayer, and they immediately think of tropical islands, numbered bank accounts, and the rich, famous and shady, all evading tax. Their observations are correct, but only the tip of the iceberg, as tax havens are so much more. Tax havens are used by individuals, small businesses, large business, Fortune 500 companies, governments, charities, and non-profit organisations. The numbers are staggering, with the British Virgin Islands, for example, having over 1 million registered companies. In the Cayman Islands, 40 of the world’s top 50 banks have licenses and hold US$1 trillion on deposit. 103 Tax Haven Escapes sheds some light on tax havens, and takes away some of the mystery. You will learn about what they are, how they work, where they are, and why they are so popular.