A tax haven is a state, country or territory where certain taxes are levied at a low rate or not at all. Individuals or corporate entities can find it attractive to establish shell subsidiaries or move themselves to areas with reduced or nil taxation levels relative to typical international taxation. This creates a situation of tax competition among governments. Incentives to build a tax haven include money laundering, avoiding paying taxes, creating a front company to conceal activities, hiding assets from the government, keeping your property or investments secret, and opening a bank account in a name other than your own. Offshore tax havens intrigued our team because several U.S. corporations and other companies around the world have grown in wealth to become larger than countries. Offshore tax havens are preventing our global economy from considerable growth. There are major flaws in the global financial architecture and the next President of the United States needs to take action concerning this topic. Corporate America is pushing for the United States to move to such a regime to make businesses more competitive against foreign rivals that pay no taxes on overseas earnings.