The Caribbean Islands are full of beautiful seas and nature. This is Charlotte Amalie, the capital of the U.S. Virgin Islands. ...
Many tourists come to Charlotte Amalie to enjoy shopping in addition to the ocean and nature. Since the U.S. Virgin Islands is a tax haven area, many people make expensive purchases that they would not normally make.
Tax haven areas operate without collecting taxes in those areas. Why is this possible to operate? In fact, in many cases, these regions aim to stimulate the consumption of luxury goods by stimulating the migration of many wealthy people from abroad by eliminating income and inheritance taxes. In this way, they attract large amounts of money from all over the world.
It is also important to remember that even with tax exemptions and tax breaks, the Caribbean islands are high-end resorts and the actual cost of living is high.
Learn more about the Caribbean Islands → "Tax havens and islands near the Caribbean Sea"
Learn more about tax havens → "Press Coverage of Tax Haven Issues"
(in Japanese history)Photo:Jenn Kahalau Photography/Flickr[.CC BY-ND 2.0])