Question
Which of the following is NOT a characteristic of
offshore financial centers?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.
Which companies are required to have at least one women director?
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I.             When there are more than 2 partners in the f...
Whether the contents of documents or electronic records, can be proved by oral evidence?
The Aircraft Act provides that in the interest of the safety of aircraft operations, if the Central Government decides to regulate construction, erecti...
A relevant confession becomes irrelevant when
Under which products order specifications for vanaspati, margarine and shortenings are laid down?
The Madrid Protocol is an international treaty that facilitates the registration and management of:
What is the minimum age of a director?
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The Performance Review Committee under the IFSCA Act shall consists of _______________ of the Authority
