Yes, there are no taxes in the Cayman Islands, making it a tax haven.
Yez
Skiing and as a tax haven.
A tax haven is a place where certain taxes are levied at a low rate or not at all. See the "Related Links" section of this answer for more information.
in g20 it was defined that some countries incline to tax haven, i am conused about it does it include some African countries including Egypt.
tax haven are very popular. haven like them do not have any taxes.
7%
Benefits of a Tax Haven are that they offer a wide range of taxation levels to choose from and allow for creation of offshore entities to provide better privacy.
Alas there is no Tax Haven Island in New Zealand anymore, used to be the Cook Islands (a small part under NZ control) that had some lax tax laws but these have been long changed to prevent this happening.
There are several definitions of a tax haven used by different government and economic institutions, but there are several common elements among them. Generally, a tax haven is a political jurisdiction of some kind (whether it be a country, a state within a country, etc) where taxes are very low or do not exist. Additionally, tax havens are thought of as jurisdictions that have specifically constructed their tax laws to attract money and investment from individuals who are seeking to avoid the taxes of another jurisdiction.
Gibraltar is a British Overseas Territory but Spain has claimed sovereignty of 'the rock'.
Charles Adams has written: 'Tax-Haven Tales'