Are Tax Havens Just For The Wealthiest 1%?

There's been a lot in the news this year about how much wealth the top 1% in society own, and with the economy doing well there have been calls for them to be taxed more.

But often they aren't taxed at all, they have accountants who advise and many live in tax havens such as Monaco and Andorra.

But do you have to be classed as among the wealthiest to consider moving to a tax haven?

According to one Andorra blog, moderately wealthy people can and do move there, and take Andorra residency, and have no income to pay on their worldwide earnings.