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Question

What is meant by Tax haven?

A A country which gives tax exemptions to the foreign citizens. Correct Answer Incorrect Answer
B Subsidy given by the government in taxes Correct Answer Incorrect Answer
C Tax evasion in the domestic country Correct Answer Incorrect Answer
D To impose equal taxes on domestic producers and foreign producers Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

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.

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