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Tax Haven
A country with tax-preference laws for foreign organization and individuals. 3 classes of jurisdictions are provided to as tax havens those are (1) levy taxes only on internal taxable transactions but none at all or very low taxes on foreign source income; (2) have no relevant taxes; and (3) grant special tax privileges to certain kind of organization or operations. The principal functions of tax havens are to postpone taxes or avoid, avoid exchange controls, and act as a shield against nationalization, confiscation, and other forms of expropriation.
Comprehensive Problem 3 in Appendix B solution
I WOULD LIKE TO KNOW ABOUT GST. FROM WHERE IT HAVE COME AND HOW IT WORKS. ALSO INFORM ME WEATHER IT IS APPLICABLE IN INDIA OR NOT.
C corporation versus S corporation
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