What are best methods to reduce taxes for individuals or companies?
Using management and marketing contracts, insurance policies, loan agreements, re-invoicing, factoring techniques, etc. are well-known methods to legitimately reduce one’s taxes. However, usage of these methods in combination with offshore corporate structures and offshore bank accounts can make tax planning and tax mitigation even more effective. For individuals and bodies corporate the use of offshore facilities would reduce income and corporate taxes, capital gains tax, inheritance tax, etc. as well as will offer additional asset protection.