TAX HAVEN
Country or jurisdiction that is stable politically and economically, hence offering little or no tax liability to entities. They are not obliged to give financial information to foreign tax authorities. For them to attract businesses, tax havens must have reputable banks and exist in regions with low tax rates. Individuals and businesses not residing in a tax haven can take advantage of its tax regimes to avoid paying taxes in their home country. An individual is not also obliged to reside in or run a business out of that nation to benefit from its tax policies.
POPULAR TERMS
Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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December 31 is fast approaching. The next thing you know you need to file your income tax return. So before you get swarmed by the hustle and bustl ...
Starting Your Own Small Business: Financing a Business
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