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.
Sovereignty under Constitution belongs to
Evidence may be given in any suit or proceeding of the
Whoever commits a criminal conspiracy other than offences punishable with death, imprisonment for life or rigorous imprisonment of 2 years or upwards is...
Which of the following is correctly matched according to Indian Evidence Act:
Robbery:
Under which section of IT Act, stealing any digital asset or information is written a cyber-crime?
The chairman and vice chairman of Central Board constituted under Employees’ Provident Fund are appointed by _______________.
Temporary injunctions are to continue:
(a) Until a specified time
(b) Until the further order of the court
(c) Until death of one o...
What is the maximum wage period for payment of wages?
If an employee works on any day on which he was employed for a period less than the requisite number of hours constituting a normal working day, he shal...