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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 of the following is the most reactive element in the Periodic table?
Which Indian state boasts the longest coastline?
Between which two rivers was the ancient city of Takshashila located?
In the Mudra Loan Scheme, which type of loan is available for the entrepreneurs?
CriSidEx, India's first sentiment index for micro and small enterprises, was developed by CRISIL in partnership with which organization?
When is National Science Day observed?
What does the second R denote in the “RAFTAAR” scheme of the government of India?
Which committee recommended the establishment of the Central Vigilance Commission?
'Sampark 4.0' is an outreach initiative of which organization?
चीन ने हाल ही में दुनिया की सबसे लंबी हाई-स्पीड रेलवे लाइन-...