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  • Tax Havens

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    Tax havens are countries that offer low or no tax rates to foreign businesses and individuals to keep their bank deposits in a politically stable environment. They are characterized by little to no taxes, lack of effective information exchange, and lack of transparency. While they provide tax savings and no capital gains tax, they also promote illegal activities and lack transparency. Major companies like Nike and Apple use tax havens to accumulate billions in subsidiaries and avoid billions in US taxes.

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    Tax havens are countries that offer low or no tax rates to foreign businesses and individuals to keep their bank deposits in a politically stable environment. They are characterized by little to no taxes, lack of effective information exchange, and lack of transparency. While they provide tax savings and no capital gains tax, they also promote illegal activities and lack transparency. Major companies like Nike and Apple use tax havens to accumulate billions in subsidiaries and avoid billions in US taxes.

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    7 views10 pages

    Tax Havens

    Uploaded by

    olciaa196
    Tax havens are countries that offer low or no tax rates to foreign businesses and individuals to keep their bank deposits in a politically stable environment. They are characterized by little to no taxes, lack of effective information exchange, and lack of transparency. While they provide tax savings and no capital gains tax, they also promote illegal activities and lack transparency. Major companies like Nike and Apple use tax havens to accumulate billions in subsidiaries and avoid billions in US taxes.

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    © All Rights Reserved
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    of 10

    Tax

    havens
    Aleksandra Kubajek
    What is a tax
    haven?
    A country that offers
    foreign businesses
    and individuals
    minimal or no tax
    liability for their
    bank deposits in a
    politically and
    economically stable
    environment.
    Features of tax
    haven
     No or only nominal
    taxes,
     Lack od effective
    exchange of information,
     Lack of transparency,
     Local presence not
    required
    How does tax haven work?
    Tax havens advantages
    •Tax saving
    •There is no
    capital gain tax
    •Economic
    benefits
    Tax havens
    disadvantages
    • Promote illegal activities
    • There is no transparency in
    the process
    • Imposed a high import duty
    on citizens
    Top tax havens in the world
    Which companies use tax
    havens?

    Nike
     $12.2 billion
    accumulated in tax
    haven in 2017
    $4.1 billion in
    taxes that Nike
    didn’t have to pay
    in the US
    Apple
     $252.3 billion
    in subsidiaries in
    tax haven
     $78.5 billion in
    taxes, which
    Apple didn’t have
    to pay in the US
    Thank you for your attention

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