Every Country has its own Tax Laws. Some impose higher taxes than others. On the other hand, some countries provide conditional "Income Tax Holidays" (ITH) as a way of enticing Investments. It is said that some Businesses are registered in "Tax Haven" Countries to save &/or to avoid on Tax Payments. How could this be if ALL Business Firms (Foreign &/or Local) not entitled to ITH are to pay taxes wherever they derive Income?
2007-07-02
22:00:38
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3 answers
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asked by
manilaman
1
in
Other - Taxes