Question
Which of the following centers primarily offer tax and
regulatory advantages to businesses and individuals?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.
When insurance companies undercut each other to grab market share by reducing premium, it is known as:
A 'Cover Note' in motor insurance is:
Identify the scenario where a debate on the need for insurance is not required.
How many companies were merged to form the United India Insurance Company (UIIC)?
The central office of the Life Insurance Corporation of India (LIC) is located at?
Who will sells both casualty insurance and life insurance ?
What is the purpose of "mitigation of loss"?
An excess is another word for:
With the implementation of the 'National Green Hydrogen Mission,' India's Green Hydrogen production capacity is likely to reach at least ______ per annum
Recently in June 2022, INS Talwar was deployed for which operation during the 3rd continuous year in the Gulf for protection of India's Maritime Interests?
