Answer-What is meant by Tax haven?

A country that gives foreign citizens the facility to invest in their country and do not pay any tax on the profit earned by the invested money. Mauritius and Cyprus provide this facility.

Question

What is meant by Tax

haven?

A A country which gives tax exemptions to the foreign citizens.

B Subsidy given by the government in taxes

C Tax evasion in the domestic country

D To impose equal taxes on domestic producers and foreign producers

E None of the above

Practice Next

More Economic and Social Issues ESI Questions

Who resisted the new system of taxation against the exploitative forces?
In December 2021, which state Government inaugurated the ‘Pink Force’ of Police to enhance safety, security of women and children?
Assertion (A): Phenol is commonly used as a disinfectant.

Reason (R): Phenol is not harmful to living human tissues even at a very high concent...
Who among the following is the author of the book 'The Little Book of Encouragement'?
Which of the following books was not written by Amir Khusrau ?
The ratio of the cost price and marked price of an article is 6:11, respectively. The article is sold after giving a discount of Rs. 450 such that there...
Which one of the following is the correct statement?
Which of the following numbers will replace the question mark (?) in the given series?

3, 7, 13, 21, 31, ?
Which of the following statement is/are incorrect regarding “Restructured Weather Based Crop Insurance Scheme (RWBCIS)”?

I. ...
Every worker is entitled to a rest interval of at least ______ after 5 hours of work.

Relevant for Exams:

NABARD GRADE A

What is meant by Tax

Solution

Relevant for Exams: