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International Business, 2nd Edition by Pearson
book

International Business, 2nd Edition by Pearson

by Sumati Varma
December 2015
Intermediate to advanced
313 pages
16h 2m
English
Pearson India
Content preview from International Business, 2nd Edition by Pearson
International Finance and Accounting 249
Tax Havens
Tax havens are countries where the rate of tax is lower than in the home country. A TNC locates itself in
a tax haven to avoid high taxation in the home country. Locations such as the Bermuda Islands, Vanuatu,
the Cayman Islands and Bahrain have no or lower taxes, whereas others like Switzerland, the Solomon
Islands and countries such as Brazil and Luxembourg permit special privileges. In order to benefit from
a tax haven, a TNC sets up a subsidiary there in order to evade payment of high-income tax.
Tax Treaties: The Elimination of Double Taxation
The primary purpose of tax treaties is to prev ...
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Publisher Resources

ISBN: 9789332547209