Nope. Legacy protection. Protection from state seizure and civil forfeiture. Protection from nationalization. Protection from a spouse or even your own children

Nope. Legacy protection. Protection from state seizure and civil forfeiture. Protection from nationalization. Protection from a spouse or even your own children. Protection from takeovers of family businesses and assets. There are a number of reasons why we might use offshore companies and apparent tax havens - while the taxes are an added sweetener, the main reason is that there is often concrete rule of law in these jurisdictions. Did you know that for Russians and Chinese, the US is a tax haven? As long as you're not a US resident, you only pay US taxes (which can be easily optimized to be far below Russian or Chinese taxes). You enjoy a high degree of anonymity. You also get to gamble in the biggest equity markets of the world, which are backed by a strong financial system eager to lend you gambling money based on your assets. Compare that to Russia, India or China, where your assets can be seized at a moment's notice, on the whims of some pencil pusher bureaucrat or judge.