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Tax havens where politicians park their billions

April 8, 2009

Netherlands Antilles

Previously known as the Netherlands West Indies it is part of the Lesser Antilles and consists of two groups of islands in the Caribbean Sea: Curaçao and Bonaire, just off the Venezuelan coast, and Sint Eustatius, Saba and Sint Maarten, located southeast of the Virgin Islands.

The islands' economy depends mostly upon tourism, international financial services, international commerce and shipping and petroleum.

The islands form an autonomous part of the Kingdom of the Netherlands.

US Virgin Islands

These Caribbean islands lie between the Caribbean Sea and the North Atlantic Ocean to the east of Puerto Rico.

Tourism is the primary economic activity.

It offers a 90 per cent exemption from US income taxes and 100 per cent exemption from all other taxes and customs duties to certain qualified taxpayers.

Image: Olympic stamps issued by the Netherlands Antilles. | Photograph: Claro Cortes IV/Reuters

Also read: Businessmen in Parliament
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