Answer-What is meant by Tax haven?

A country that gives foreign citizens the facility to invest in their country and do not pay any tax on the profit earned by the invested money. Mauritius and Cyprus provide this facility.

Question

What is meant by Tax

haven?

A A country which gives tax exemptions to the foreign citizens.

B Subsidy given by the government in taxes

C Tax evasion in the domestic country

D To impose equal taxes on domestic producers and foreign producers

E None of the above

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Relevant for Exams:

NABARD GRADE A

What is meant by Tax

Solution

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