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Different jurisdictions may be havens for different types of taxes, and for different categories of people or companies.Sovereign jurisdictions or self-governing territories under international law have the power to enact tax laws affecting their territories, unless limited by previous international treaties.Some refer to "secrecy jurisdictions" as an alternative to "tax havens" to emphasise the secrecy element, and a Financial Secrecy Index ranks jurisdictions according to their size and secrecy.

The only thing that can be done is picking a country that has the smallest rates on these taxes (or even no such taxes at all) before buying any real renting property owned in an offshore jurisdiction) can also be eliminated in this way.If taxes (if any) are paid in the tax haven jurisdiction, companies can avoid taxes in their home jurisdiction because the tax had already been paid in the lower tax rate jurisdiction.This estimate included financial assets only: "My method probably delivers a lower bound, in part because it only captures financial wealth and disregards real assets.After all, high-net-worth individuals can stash works of art, jewelry, and gold in 'freeports,' warehouses that serve as repositories for valuables—Geneva, Luxembourg, and Singapore all have them.

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