This seminar discusses tax havens and their problems and potential solutions. It begins by defining tax havens as countries that offer little to no tax liability and financial transparency to attract foreign businesses and individuals. It then lists several well-known tax havens and notes that some have signed agreements to provide more financial information to foreign governments. The presentation outlines the factors used to rank jurisdictions on the Financial Secrecy Index, and provides the top 10 rankings. It then discusses problems caused by tax havens, such as depriving governments of revenue, enabling criminal activity, and increasing inequality. Potential solutions proposed include country-by-country reporting of multinational taxes, unitary taxation, automatic information exchange, public registers of company owners, and
Tax Havens , Major Tax Havens around the world.JASEEM LAL
What is a Tax Haven
OECD Criteria for a Tax Haven
Characteristics of a Tax Haven
Uses of a Tax Haven
Legal entities in a Tax Haven
Major Tax Havens around the world
Types of Tax Havens
Examples: Types of Tax Havens
# Cayman Islands
Effects of Tax Havens
Four Reasons Of Tax Havens Are Good
The response of Governments
OECD objectives
Is there a future for Tax Havens
The Presentation was focussed on the use of low or nil tax jurisdictions typically known to be as Tax Havens by Big Corporate to meticulously route their revenue and using instruments like Double Dutch Sandwich to evade taxes.
Tax Havens , Major Tax Havens around the world.JASEEM LAL
What is a Tax Haven
OECD Criteria for a Tax Haven
Characteristics of a Tax Haven
Uses of a Tax Haven
Legal entities in a Tax Haven
Major Tax Havens around the world
Types of Tax Havens
Examples: Types of Tax Havens
# Cayman Islands
Effects of Tax Havens
Four Reasons Of Tax Havens Are Good
The response of Governments
OECD objectives
Is there a future for Tax Havens
The Presentation was focussed on the use of low or nil tax jurisdictions typically known to be as Tax Havens by Big Corporate to meticulously route their revenue and using instruments like Double Dutch Sandwich to evade taxes.
This PPT is mainly on the basics of International Taxation which is confusing for many students and many professionals too nowadays. During this evolving world of multinational culture, International Taxation has gained significant importance of which all the professionals should be aware of.
I have tried to compile the concepts of international taxation in this PPT except the concept of Transfer Pricing which in itself is like a whole book.
I have inserted the core concepts which lead to the emergence of International Taxation in India.
The remittance of funds abroad from perspective of Income Tax Act, 1961 (“IT Act”) requires a clear understanding of its process flow (right from the applicability of the Act to the procedure in which the funds will be remitted outside India). By way of this presentation, we have tried to simplify the Income Tax provisions for remittance of funds abroad for our readers.
The Easiest way to understand International taxation , Concept of Double taxation and its avoidance agreements (DTAA) and its types . Tax implication of activities of foreign enterprise in India: Mode of entry and taxation respectively.
Tax Planning Concept and tax planning with specific managerial decisionsSundar B N
In this ppt most of the tax planning concepts are covered. Tax planning, Tax evasion, tax avoidance, tax planning with inter corporate dividend and Bonus share. Tax Planning with specific managerial decisions are covered.
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Corporate tax will be levied for all businesses(extraction of natural resources is excluded) and commercial activities across all the emirates in the UAE.
This PPT is mainly on the basics of International Taxation which is confusing for many students and many professionals too nowadays. During this evolving world of multinational culture, International Taxation has gained significant importance of which all the professionals should be aware of.
I have tried to compile the concepts of international taxation in this PPT except the concept of Transfer Pricing which in itself is like a whole book.
I have inserted the core concepts which lead to the emergence of International Taxation in India.
The remittance of funds abroad from perspective of Income Tax Act, 1961 (“IT Act”) requires a clear understanding of its process flow (right from the applicability of the Act to the procedure in which the funds will be remitted outside India). By way of this presentation, we have tried to simplify the Income Tax provisions for remittance of funds abroad for our readers.
The Easiest way to understand International taxation , Concept of Double taxation and its avoidance agreements (DTAA) and its types . Tax implication of activities of foreign enterprise in India: Mode of entry and taxation respectively.
Tax Planning Concept and tax planning with specific managerial decisionsSundar B N
In this ppt most of the tax planning concepts are covered. Tax planning, Tax evasion, tax avoidance, tax planning with inter corporate dividend and Bonus share. Tax Planning with specific managerial decisions are covered.
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Corporate tax will be levied for all businesses(extraction of natural resources is excluded) and commercial activities across all the emirates in the UAE.
Currency derivatives is a kind of new class of assets available for investment. Please go through this PPT which will give you some idea about currency & Currency derivatives.
This is an attempt to explain the broad concept of and rationale behind Transfer Pricing Regulations. Also gives a high level view of the scheme of Indian Transfer Pricing Regulations as on date. Points out the TP controversies in India. Above all gives a well spirited guidance on dealing with TP in India.
The term offshore company or offshore corporation is used in at least two distinct and different ways. An offshore company may be a reference to:
a corporation or (sometimes) other type of legal entity which is incorporated or registered in an offshore financial centre or "tax haven"; or
a company or corporate group (or sometimes a division thereof) which engages in offshoring manufacturing or business services.
Characteristics of offshore companies
They are broadly not subject to taxation in their home jurisdiction.
The corporate regime will be designed to promote business flexibility.
Regulation of corporate activities will normally be lighter than in a developed country.
Classifying offshore companies:
Companies which are exempt from taxation in their jurisdiction of registration provided that they do not undertake business with persons resident in that jurisdiction (IBCs).
Offshore jurisdictions which simply do not impose any form of taxation on companies, and so their companies are de facto tax exempt.
#NomadTalks 1: Offshore 101 - How to Diversify your Life, Protect your Assets...Theodor Berghausen
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CODINO is a network of location independent entrepreneurs and freelancers for meetups, coworking, coliving, and mastermindgroups. Join us on http://www.meetup.com/codino/
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what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
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Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
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Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
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Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
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Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
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Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
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I'll provide you the Telegram username
@Pi_vendor_247
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
1. A Seminar on Tax Haven:
Problems and Solutions
Presented By
Bismay Mishra
2. Meaning of Tax Haven
A country that offers foreign individuals and businesses
little or no tax liability in a politically and economically
stable environment.
Tax havens also provide little or no financial information
to foreign tax authorities.
Individuals and businesses that do not reside a tax haven
can take advantage of these countries' tax regimes to
avoid paying taxes in their home countries.
Tax havens do not require that an individual reside in or a
business operate out of that country in order to benefit
from its tax policies.
3. Introduction
• Andorra, the Bahamas, Belize, Bermuda, the British Virgin
Islands, the Cayman Islands, the Channel Islands, the Cook
Islands, Hong Kong, the Isle of Man, Mauritius, Lichtenstein,
Monaco, Panama, Switzerland and St. Kitts and Nevis are all
considered tax havens.
• However, pressure from foreign governments that want to
collect all the tax revenue they believe they are entitled to has
caused some tax haven countries to sign Tax Information
Exchange Agreements (TIEAs) and Mutual Legal Assistance
Treaties (MLAT) that provide foreign governments with
formerly secret information about investors' offshore accounts.
4. What is Tax Haven?
Tax havens – also known as ‘secrecy jurisdictions’ or ‘offshore’ –
provide any of the following:
• Escape from tax (of course)
• Secrecy, in various forms
• Avoidance of financial regulations
• Avoidance of criminal laws
• Escape from other rules of society, such as inheritance or
corporate governance rules
Tax havens can be whole countries, dependencies of bigger
countries, or even areas within countries.
5. Financial Secrecy Index:- Factors
Considered
• Banking Secrecy
• Trusts and Foundations
Register
• Recorded Company
Ownership
• Published Company
Ownership
• Published Company
Accounts
• Country by Country
Reporting
• Fit for Information
Exchange
• Efficiency of Tax
Administration
• Avoids Promoting Tax
Evasion
• Harmful legal vehicles
• Anti Money
Laundering
• Automatic Information
Exchange
• Bilateral Treaties
• International
Transparency
Commitments
• International Judicial
Co-operation
7. Problems
Tax havens help rich people hide money that should be spent on
schools, hospitals, roads and other public services:- Switzerland is
not only one of the world’s biggest financial centres but also one
of the world’s largest tax havens; find out why the country took
first place on the 2011 Financial Secrecy Index.
• Tax havens force poor people to pay the taxes of the rich:- Learn
about SAB Miller, the brewing multinational whose transfer pricing
techniques are depriving countries of much needed tax revenue.
• Tax havens help criminals hide their loot:- This multi-billion dollar
Ponzi scheme orchestrated by infamous Wall Street financier Bernie
Madoff could not have happened without tax havens.
8. Problems (Contd.)
• Tax havens help dictators and their cronies plunder the
resources of developing countries:- Teodoro Nguema Obiang
used tax havens to exploit Equatorial Guinea’s natural resources.
Not a very nice man.
• Tax havens allow banks to dodge financial rules and
regulations:- Dublin – a magical city of “light touch regulation”,
which draws in money from far and wide and channels it
directly into the shadow banking system.
• Tax havens corrupt markets, concealing insider dealing and
supporting aggressive tax dodging by multinational companies:-
the epic corruption which destroyed Enron – and hundreds of
livelihoods – could not have happened without tax havens.
9. Problems (Contd.)
• Tax havens create a private world of secrecy, impunity and power for rich
elites:- The Alpine ‘offshore’ microstate of Liechtenstein hit the headlines
in early 2008 for harbouring the corrupt funds of hundreds of tax evaders.
• Tax havens widen the gap between rich and poor people:- Find out why the
rich-poor gap is greater in the United States than almost any other
developed nation.
• Tax havens make laws in secret which affect us all:- Following on from
point 8, find out why Delaware, “The First State”, is the best place to
escape tax in the world.
• Tax havens degrade our faith in democracy:- The City of London
Corporation. Local-government authority and massive offshore lobbying
body.
10. Solutions
• Country by country reporting:- Under
country by country reporting, the
multinationals would have to break
their information down by country of
operation – including in each tax haven
– so that citizens and authorities can
see what the corporations are doing in
their countries.
• Unitary tax:- This would involve taxing
multinational corporations according to
the real economic substance of where
they actually do business.
11. Solutions (Contd.)
• Automatic information exchange:-
Developing countries – and rich ones –
must get the information they need to
tax their wealthiest citizens properly.
• Disclosure of the real life, proper, final,
ultimate, ACTUAL owners of
companies:- Ensuring that every human
who has a stake in a corporate structure
– a 'true beneficial’ owner – has his or
her identify available on a searchable,
low-cost public register. And we should
slap severe sanctions on those havens
that don’t shape up.
12. Solution (Contd.)
• Making ‘wilful blindness’ a
criminal offence:- We can bring
hard penalties against the
pinstripe intermediaries who
help the tax evaders. The IMF
and other bodies dealing with
money-laundering must
officially make tax evasion a
money-laundering offence.