cryptohunter
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Offshore tax havens play a significant role in international tax planning by providing individuals and corporations with a means to reduce their tax liability and increase financial privacy. These countries offer lower tax rates, more favorable tax laws, and greater confidentiality, making them attractive destinations for individuals and corporations looking to minimize their tax liability. Offshore tax havens can provide access to a variety of tax-efficient structures, such as holding companies, trusts, and foundations, that can be used to manage assets, income, and wealth in a tax-advantaged manner. Additionally, many offshore tax havens have strict bank secrecy laws that help protect the financial privacy of individuals and corporations.