Question
For which of the following reasons, offshore financial
centers have faced criticism?Solution
Offshore financial centers: Offshore financial centers (OFCs) are jurisdictions that provide tax and regulatory advantages to businesses and individuals. These are centres that are primarily tax havens for wealth management and global tax management rather than providing the fully array of international financial services. Examples include the Cayman Islands, Bermuda, and the British Virgin Islands. These centers offer low taxes, minimal regulation, and strict secrecy laws that make them attractive to those seeking to reduce their tax burden or conceal their financial activities. However, OFCs have faced criticism for facilitating tax evasion and money laundering.
Select the option that is related to the third letter-cluster in the same way as the second letter- cluster is related to the first letter-cluster.
What should come in place of '?' in the given series?
4 22 112 562 2812 ?   Â
Three statements are followed by four conclusions number I, II, III and IV. You have to consider these statements to be true, even if they seem at vari...
In the following number-pairs, the second number is obtained by applying certain mathematical operations to the first number. Select the set in which th...
Select the pair in which the numbers are related to each other in the same way as are the numbers in the given pairs. (NOTE: Operations should be perfor...
Select the option that represents the correct order of the given words as they would appear in an English dictionary?
1.Flint
2.Flec
<...In a certain code language, ‘greater than person’ is written as 476, ‘there is no greater’ is written as 8243, ‘no person is right’ is writt...
In a certain code language, 'CATHOLIC' is written as '79', 'AUDIENCE' is written as '70', how will 'ASSEMBLY' be written in that language?
In a certain code language, ‘nothing to hide’ is written as ‘tg mk sa’ and ‘hide and seek’ is writtenas ‘mk wd lq’. How will ‘hide’ ...
L, M, N, O and P are five buses of different sizes. Two of them provide food on board, 3 are luxurious buses and 3 are air conditioned buses. One has ca...