how tax havens help evade tax?

 Tax havens are countries or territories with low tax rates and favorable tax laws. They provide individuals and companies with the opportunity to reduce their tax liability by shifting their income and assets to these jurisdictions. This can be accomplished through a variety of means such as establishing offshore companies, transferring ownership of assets, or using trusts. By utilizing these strategies, individuals and companies can legally reduce the amount of taxes they pay in their home country, thereby evading tax. However, it is important to note that while some tax reduction strategies may be legal, others may be considered tax evasion, which is illegal and can result in serious consequences.