No wonder that in 1993, Texaco Inc. chose to move their offices to the Turks and Caicos. Or at least the addresses for their offices. Texaco established a company called Texaco Capital LLC on the island chain, and began selling stock. If this sounds like a pretty good deal, that's because it is. Anyone who lives off of investment income earned from stock in U.S. companies can move to the Turks and Caicos and avoid nearly all of their U.S. income tax.
Businesses have it even better.
They can organize the company in these islands and take advantage of the tax breaks without actually moving there. Please send mail to Webminder. All rights reserved.