13
Press contact: Sydney Burdick Tel.: +1 (212) 208-1439 E-Mail: [email protected] The Top Low-Tax Travel Destinations Looking to save money on your next vacation without putting forth any extra effort? Need a break after all that tax-filing? Hotel price comparison site www.trivago.com presents the world’s top low-tax destinations. Many of which are regarded as “Tax Havens,” these breathtaking destinations are the perfect places to spend your hard-earned tax returns. With Labor Day Weekend just around the corner, why not take those much- deserved tax returns and put them toward your next vacation? Not so happy with “The Man” at the moment? To settle your woes, trivago has put together a list of low and tax-free destinations to help ease your mind and your wallet. From a hidden country on the Italian Peninsula, to Central America’s only official English speaking Island, to the historical state where the United States Constitution was ratified— these one-of-a-kind, tax-friendly holiday destinations are a perfect option for those looking to spend wisely.

The Top Low-Tax Travel Destinations - - The #1 Hotel

  • Upload
    others

  • View
    3

  • Download
    0

Embed Size (px)

Citation preview

Page 1: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

The Top Low-Tax Travel Destinations

Looking to save money on your next vacation without putting forth any extra effort? Need a break after all that tax-filing? Hotel price comparison site www.trivago.com presents the world’s top low-tax destinations. Many of which are regarded as “Tax Havens,” these breathtaking destinations are the perfect places to spend your hard-earned tax returns.

With Labor Day Weekend just around the corner, why not take those much-deserved tax returns and put them toward your next vacation? Not so happy with “The Man” at the moment? To settle your woes, trivago has put together a list of low and tax-free destinations to help ease your mind and your wallet. From a hidden country on the Italian Peninsula, to Central America’s only official English speaking Island, to the historical state where the United States Constitution was ratified—these one-of-a-kind, tax-friendly holiday destinations are a perfect option for those looking to spend wisely.

Page 2: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

1. Andorra

Nestled within the eastern Pyrenees Mountains between France and Spain is one of

Europe’s tiniest nations—Andorra. Due to the fact that it is not an official member of

the European Union and often regarded as a Tax Haven, visitors to Andorra are able

to enjoy the benefits that Europe has to offer without the traditionally high costs—

including the use of the euro. Its “duty-free” status is not only intriguing to tourists,

but also a big factor which pulls them to the rugged, alpine country. With the

average annual hotel accommodation price of $82 – as reported by the trivago Hotel

Price Index in 2011, it’s easy to see why so many tourists feel as though they’ve

found a hidden European secret in Andorra. No wonder the life expectancy of the

people in Andorra is one of the highest in the world.

39% Discount – 4-star Hotel Rooms available starting at $34* per person per night,

including breakfast, via Expedia.com over Labor Day Weekend (4.25.12 -

4.28.2012).

Page 3: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

2. Belize

Breathtaking beaches and unexplainable oceanic wonders are not the only reasons

to visit Belize. Formally known as “British Honduras,” Belize offers tourists a

culturally rich society in which many cultures, languages and even ecosystems come

together. For American travelers, Belize is a perfect tropical escape, as it is the only

country within Central America where the official language is English—due to the

fact that its heritage originates from Britain colonialism. Situated just to the east is

the Caribbean Sea, Belize neighbors roughly 450 islands and islets and offers natural

wonders such as the Great Blue Hole (shown above) and the Belize Barrier Reef—the

second longest in the world after the Great Barrier Reef—as well as ancient Mayan

ruins. Considered a Caribbean Tax Haven, Belize offers strong advantages for

travelers looking to save.

49% Discount – Cabanas available starting at $26* per person per night, via

Hotels.com over Labor Day Weekend (4.25.12 - 4.28.2012).

Page 4: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

3. New Hampshire, USA

Unlike most states in America where sales tax may be set as high as 10%, New

Hampshire has no general sales tax to speak of—and in a country where time is

money, every penny counts. For travelers, this means saving money during on your

next trip without even knowing it. And in a state where the slogan is “Live Free or

Die,” it’s easy to see why financial freedom is an important part of this serene state.

Despite the cost-saving practices New Hampshire exercises, the actual intrigue has

little to do with anything material related. In fact, it is the state’s natural beauty and

historical heritage which keep visitors coming back year after year.

28% Discount – 4-star Apartment available starting at $60* per person per night,

via Booking.com over Labor Day Weekend (4.25.12 - 4.28.2012).

Page 5: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

4. Cyprus

From its breathtaking beaches on the Karpass Peninsula, to the ancient Tomb of the

Kings (which dates back to the 4th Century BC), the Mediterranean island of Cyprus is

one of the most beautiful and historically impressive in the world. With strong

heritage rooted in both Greek and Turkish culture, Cyprus’ identity is as alluring as it

is intriguing. In terms of the cost of visiting Cyprus, tax rates can be very low for non-

Cypriot nationals. In fact, this tax haven, like Luxembourg, also has a 15% VAT. It is

no wonder that it is said to be the birthplace of Aphrodite, the Greek goddess of

love, beauty and pleasure in Greek Mythology—the island’s pristine beauty and

effortless affordability are the perfect makings of a great getaway.

65% Discount – 4-star Studio Rooms available starting at $30* per person per night

via Bookcyprus.com over Labor Day Weekend (4.25.12 - 4.28.2012)

Page 6: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

5. Panama

Central America’s southernmost country, formally known as the Republic of

Panama, is one of Latin America’s most beautiful and economically prosperous. For

American travelers, Panama is a great option, as American dollars are widely

accepted. With endless beaches, multi-canopied rain forests, tropical weather and a

unique mix of Latin American, Native American and European culture, Panama is has

something for everyone. To add to the experience, Panama offers a rich local

cuisine, an abundance of regional festivals—with vibrant Panamanian colors and

hand-crafted masks—and what seems to be a never-ending desire to dance.

17% Discount – 5-star Hotel Rooms available starting at $53* per person per night,

including breakfast, via Hotels.com over Labor Day Weekend (4.25.12 - 4.28.2012).

Page 7: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

6. Isle of Man

In the Irish Sea, not far off the coast of Great Britain and Ireland, lies the Isle of Man—a quaint, cultured, self-governing Crown Dependency of the British Kingdom. Unlike its neighboring cities, the Isle of Man reports having only a 17 per cent VAT— while Dublin instead has a 23 per cent VAT and London a 20 per cent. For residents, the Isle of Man does not have any capital gains tax, inheritance tax or wealth tax to speak of. The family-friendly, nature-rich island is great for coastal diving, exploring shipwrecks, swimming with sharks, rock climbing, fishing, golfing, biking, hiking and much more. The Isle of Man is a great alternative for travelers looking for a cheaper, more adventurous, yet still uniquely British vacation.

15% Discount – 3-star Hotel Rooms available starting at $87* per person per night,

including breakfast, via Octopus.com over Labor Day Weekend (4.25.12 -

4.28.2012).

Page 8: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

7. Nevada, USA

The City of Sin isn’t the only pull tourists have to come to Nevada—in fact, one

aspect that makes this specific destination so desirable is its low accommodation

cost. With the average annual hotel price of $90 –according to the trivago Hotel

Price Index annual report for 2011—why not put Nevada at the top of your lists of

places to stay in 2012? In addition to the Las Vegas, Nevada also has the rustic

Mojave Desert, which is perfect for those looking to experience nomadic camping on

the open America plains. If spending time in a hot desert or gambling is not your

scene, Nevada also has the famous Hoover Dam, Red Rock Canyon, as well as Lake

Tahoe and the Sierra Nevada mountains which boarder Nevada to the West.

82% Discount – 5-star Hotel Rooms available starting at $63* per person per night,

via vivastay over Labor Day Weekend (4.25.12 - 4.28.2012).

Page 9: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

8. San Marino

Tucked tightly into the surrounding Italy on the eastern side of the Apennine

Mountains, sits the tiny enclave of San Marino. Also known as the “Most Serene

Republic of San Marino,” this ‘microstate’ is not only one of the oldest sovereign

states, but also one of the world’s smallest republics—with a total area of only 24

square miles. The isolated nature of San Marino is arguably what has kept its

culture, history and moreover, economy, so intact. With one of the lowest

unemployment rates in Europe and a budget surplus, it’s no wonder world-famous

traveler Rick Steves once said, “As sales tax is about half that of surrounding Italy,

shoppers have long come here [San Marino] for the savings.” For those looking to

experience Italian culture without the high prices, San Marino is an affordable and

alluring alternative.

39% Discount – 4-star Hotel Rooms available starting at $54* per person per night, including breakfast, via Octopus.com over Labor Day Weekend (4.25.12 - 4.28.2012).

Page 10: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

9. Hong Kong, China

Few would predict that the hustle and bustle that makes Hong Kong what it is today,

could have been built on a system which in fact requires no sales tax, no withholding

tax, no tax on dividends, no capital gains tax to speak of and even no tax on one’s

estate. For travelers, this means 0% VAT—or in other words, paying the stated price

for goods purchased while in Hong Kong. But the lack of tax isn’t the only point

which makes Hong Kong a great choice for travelers; the densely populated Chinese

region is also famous for their impressive skyline and beautiful natural harbor. For

those looking for more beach time, should visit Hong Kong’s neighboring islands of

Taipa and Coloane. Macau, China’s other “Special Administrative region” in addition

to Hong Kong, is also just across the Pearl River Delta and is known for their gaming

industry and Portuguese flair.

27% Discount – 4-star Hotel Rooms available starting at $54* per person per night,

via vivastay over Labor Day Weekend (4.25.12 - 4.28.2012).

Page 11: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

10. Luxembourg

Like Andorra, Luxembourg also offers tax saving benefits for travel goers to Europe.

Often regarded as “tax-free” but in fact with a 15% VAT, it’s easy to see why visitors

opt for Luxembourg over its next door neighbor, Germany, which instead collects

19% in value-added tax. Although one of the smallest countries in Europe,

Luxembourg in fact has one of the wealthiest populations per capita. This is evident

in the fact that the country has more Michelin-starred Restaurants per square mile

than possibly any other country in the world. Visitors come from all over the world

to Luxembourg for its famous Moselle wine, Villeroy & Boch porcelain and high-

quality chocolate.

33% Discount – 4-star Hotel Rooms available starting at $54* per person per night,

including breakfast, via Otel.com over Labor Day Weekend (4.25.12 - 4.28.2012)

Page 12: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

About trivago

Travelers find the ideal hotel for the best rate on www.trivago.com. The online

service compares the hotel rates of over 100 booking sites for 500,000 hotels

worldwide. In addition, trivago has integrated over 28 million hotel reviews and

shows the overall rating for each hotel. trivago does not just compare the

prices of online hotel booking sites, but also the rates. trivago is the first

“Freestyle” metasearch engine: travelers are able to search by holiday region,

city or hotel name. With its headquarters in Dusseldorf, Germany, trivago was

founded in 2005 and currently operates 27 international country platforms.

Freedom to publish with reference to www.trivago.com Subscribe to the trivago releases by emailing: [email protected] Hotel Image Gallery: 1. Andorra (Source: Andorra Turisme, S.A.U.) Image of Andorra 1 Image of Andorra 2 Image of Andorra 3 Image of Andorra 4 Image of Andorra 5 2. Belize (Source: Belize Tourism Board) Image of Belize 1 Image of Belize 2 Image of Belize 3 Image of Belize 4 3. New Hampshire, USA (Source: New Hampshire Division of Travel and Tourism Development) Image of New Hampshire, USA 1 (Source: NHDTTD/Erik Gehring) Image of New Hampshire, USA 2 (Source: NHDTTD/Dale W. Lary) Image of New Hampshire, USA 3 (Source: NHDTTD/Lisa Martineau) Image of New Hampshire, USA 4 (Source: NHDTTD/Marshall Hickok) Image of New Hampshire, USA 5 (Source: NHDTTD/Ayaz Asif) 4. Cyprus (Source: Cyprus Tourism Organization) Image of Cyprus 1 Image of Cyprus 2 Image of Cyprus 3 Image of Cyprus 4 Image of Cyprus 5

Page 13: The Top Low-Tax Travel Destinations -   - The #1 Hotel

Press contact: Sydney Burdick

Tel.: +1 (212) 208-1439

E-Mail: [email protected]

5. Panama (Source: Visit Panama) Image of Panama 1 Image of Panama 2 Image of Panama 3 Image of Panama 4 Image of Panama 5 Image of Panama 6 6. Isle of Man (Source: Isle of Man Government) Image of Isle of Man 1 Image of Isle of Man 2 Image of Isle of Man 3 Image of Isle of Man 4 7. Nevada, USA (Source: trivago GmbH) Image of Nevada, USA 1 Image of Nevada, USA 2 Image of Nevada, USA 3 Image of Nevada, USA 4 Image of Nevada, USA 5 8. San Marino Image of San Marino 1 (Source: trivago GmbH) Image of San Marino 2 (Source: trivago GmbH) Image of San Marino 3 (Source: Visit San Marino) Image of San Marino 4 (Source: Visit San Marino) Image of San Marino 5 (Source: Visit San Marino) 9. Hong Kong, China (Source: trivago GmbH) Image of Hong Kong, China 1 Image of Hong Kong, China 2 Image of Hong Kong, China 3 Image of Hong Kong, China 4 10. Luxembourg (Source: Visit Luxembourg) Image of Luxembourg 1 Image of Luxembourg 2 Image of Luxembourg 3 Image of Luxembourg 4 Image of Luxembourg 5