A tax haven often is: A

Accounting Jun 22, 2021

A tax haven often is: A. A country with high internal income taxes. B. A country with no or low internal income taxes. C. A country without income tax treaties. D. A country that prohibits "treaty shopping."

Expert Solution

Answer

B .

Explanation

A tax haven is a country or place which has a low rate of tax. Tax havens provide the advantage of little or no tax liability. It is generally an offshore country that offers minimal tax liability to foreign individuals and businesses. The correct option is B "A country with no or low internal income taxes".

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