Almost every major country has a favorite tax haven. One of the ways to tell is to look at Foreign Direct Investment (FDI). I could be mistaken on some of these.
Argentina / Uruguay.
Australia / Hong Kong. Also Singapore.
Brazil / Netherlands. The Netherlands has $174 billion invested in Brazil.
Canada / Barbados. Canada has $53 billion invested in Barbados. (Source).
China / British Virgin Islands. The BVI is the favorite place for Chinese tycoons to set up holding companies. The BVI has nearly $300 billion invested in China. (Source).
France / Monaco.
Germany / Switzerland. A tax treaty between the two countries would stop this although it may not pass German's parliament. Also Austria, Luxembourg, Malta and Singapore.
India / Mauritius. Wealthy Indians stash cash in Mauritius before bringing it back home as a disguised FDI. Mauritius about $58 billion invested in India.
Malaysia / Singapore.
Netherlands / Luxembourg.
Russia / Bahamas. The Bahamas was the biggest investor into Russia in 2012, overtaking Cyprus, although the amount was only $2 billion. (Source). Latvia may be the tax haven of choice in the future.
Spain / Andorra.
United Kingdom / Channel Islands and Isle of Man
United States / Ireland. This is especially popular with high tech companies. Ireland owns $110 billion of US treasuries (although other countries own more). Also Bermuda and Cayman Islands.
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