i) Concept of tax havens
- Minimal tax liability
- Incentive
- Harmonizes tax regulations and tax systems
- Attracts investment
- These are countries or regions which have regulations which ensures zero or minimal tax liabilities. This is a form of incentive to attract investments and create employment.
- Its through the harmonization of the various tax laws and tax systems
ii) The Benefit
- Higher disposable income due to the lower taxes which encourages re-investment.
- Availability of technology, Labour
- No Restriction of recantation at profit to the entries of origin,
Wilfykil answered the question on February 25, 2019 at 10:49
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