Corporate havens outside the United States include British crown colonies such as Bermuda and the Cayman Islands. These havens are widely used by people and other entities from various places, particularly Hong Kong. Increasingly, U.S. corporations are using these havens, either by incorporating subsidiary corporations in these locations or by moving their corporate domicile there.
United States tax law makes these offshore corporate havens very unattractive to individual citizens, because U.S. citizens are taxed by the U.S. government on their world-wide income. Of note is that tax deductions and credits are allowed to individual citizens in certain instances for income from foreign sources to avoid double taxation.