Sunday July 12, 2020

Invested: America: the new tax haven

To many observers’ surprise, the US is now viewed as a leading tax haven for wealthy foreigners, earning itself the sobriquet of ‘the new Switzerland’. Jesse Drucker reports

21st February, 2016
The US: a tax haven or a good business opportunity? Picture: Getty

Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co, gave a talk on how the world’s wealthy elite can avoid paying taxes.

His message was clear: you can help your clients move their fortunes to the United States, free of taxes and hidden from their governments.

After years of lambasting other countries for helping rich Americans hide their money offshore, the US is...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 2 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 6 months ago