In the Netherlands tax pressure is 43,3 %. In Colombia 39%, the USA 17 %, but in Curaçao 16,6%. The business of low taxing is called offshore baning and is an important serrvice on Curaçao.The term off shore originates from the Channel
Islands, famous for low taxes, being off shore from Great Britain. Allthough not every tax haven is 'off shore' the name stuck.
What is the advantage of off shore construction. For a company residing here dividend taxes are 0%. For companies having
an address here it is 5 %. That is low. Not only businesse but also individuals can open bank accounts here. To avoid taxes in your own country. Ofcourse that is illegal. But when there is no information being exchanged it is very possible.
was on the tax haven list, but now complies to international standard. It has signed a special treaty with the Netherlands to raise the tax level to 15 % in 2019. But according to the experts: Companies with sufficient substance/activities on Curacao can
however benefit from the 0% withholding tax rate on dividends if they meet the conditions.
The Netherlands by the way are known for their lucrative tax construction by so called post box firms. And critised for it because by offering tax
evasion possibilities you stela taxes from other countries.
Recently the Maduro Curiel Bank ws the first Caribbean bant to rank in the top 20 offshore banks. https://www.streber.st/2014/01/the-best-offshore-banks-2013/
But was is the problem with all this? You guessed it: Low taxes, so, a gouvernment has not much to spend while having normal costs.