TAX HAVEN Index Definition and characteristics of Tax Haven Page 2 Tax Haven Criteria Page 5 Particularities of some tax havens Page 7 Evolution of the Spanish Tax Law Page 11 1. Definition and characteristics of Tax Haven Probably most people have heart about tax havens‚ but maybe there are confusions about the exact meaning of this concept. So on‚ we consider important to define a tax haven in order to have a clear idea. What identifies an area as a tax haven is the existence
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Overview The Risk - Return Relationship Another fundamental relationship in the study of finance is the relationship between expected return and the expected level of associated risk. The nature of the relationship is that as the level of expected risk increases‚ the level of expected return also increases. The opposite is true as well. Lower levels of expected risk are associated with lower expected returns. This RISK-RETURN RELATIONSHIP is characterized as being a direct relationship
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Returns 1 RETURNS Prices and returns Let Pt be the price of an asset at time t. Assuming no dividends the net return is Pt Pt − Pt−1 −1= Rt = Pt−1 Pt−1 The simple gross return is Pt = 1 + Rt Pt−1 Returns 2 Example: If Pt−1 = 2 and Pt = 2.1 then 2.1 Pt 1 + Rt = = = 1.05 and Rt = 0.05 Pt−1 2 Returns 3 The gross return over k periods (t − k to t) is 1 + Rt (k) := Pt−1 Pt−k+1 Pt Pt ··· = Pt−k Pt−1 Pt−2 Pt−k = (1 + Rt ) · · · (1 + Rt−k+1 ) Returns are • scale-free‚ meaning that they do not depend
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Oedipus Rex revolves around the main character Oedipus‚ king of Thebes‚ who represents major ironies and controversies within the story. The previous ruler of Thebes and father of Oedipus is Laius‚ who accidentally was killed by Oedipus. The wife of both Laius and Oedipus is Jocasta‚ who ironically is also Oedipus’ mother. Creon‚ Oedipus’ brother in law‚ stands as the messenger to the gods and Oedipus’ close friend. Teiresias is the blind prophet who reveals the truths of Oedipus’ life to himself
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NATIONAL INCOME:- What is National Income? National Income is the sum that is total money value of all the goods and services produced in one accounting year. So when we talk about goods and services we are only talking about the final goods and services and not the semi processed‚ when we take the money value of all the goods and services produced within the domestic boundary on India only and to not other countries. CONCEPTS OF NATIONAL INCOME IN TERMS OF MARKET PRICE:- 1) Gross Domestic
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“Family Income” Wage- Is the money amount receive daily for rendering service. Received by unskilled semiskilled‚ and skilled workers or blue-collar workers. A salary is the amount of money received monthly by professionals or white-collar workers. IN ADDITION TO WAGES OR SALARIES‚ SOME FAMILIES HAVE OTHER SOURCE OF INCOME THIS INCLUDE THE FOLLOWING: 1. Dividends from investments in bonds & stock. 2. Gifts from relatives & friends. 3. Inheritance. 4. Rentals from apartments
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The economic and social impacts of tourism in the democratic republic of Belize General information: Belize is the country in Central America. Capital of Belize is The Belmopan city. The currency of Belize is belizean dollar. Population of Belize is 350 000 people. Belize got independence in 1981 from Great Britain. Economical advantage. Tourism in Belize is the most important part of country’s budget. About 40% of impacts comes from tourism. Belize is the popular place among European
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Justin Norman ECON 201: Short Paper 12/05/2012 Tax Reform There is effect when you talk about taxing a country as a whole and founding out that it actually helps or sometimes the functionality of the country to reform taxes as they weather away as time goes on. It was the unfair and demanding taxes the British put on the colonies in the 1700‚ as the American colonies were finding their identity and still under British rule‚ in which it lead to a Revolution. Nowadays‚ there is simply
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Summarize the sources and objectives of modern income tax statutes. The primary source of US tax law is Congress. Power to initiate tax legislation is vested in the House of Representatives but all tax bills must pass both houses and be signed into law by the President. Many times the details of the legislation are not dictated by Congress‚ but left to the Treasury Department which adopts regulations (that have the force of law) to spell out the details as well as interpret the statutes and provide
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October 17‚ 2012 Tax Elasticity and Tax Policy No matter what‚ taxes matter. People talk about them‚ complain about them‚ and try to dodge them when they can. Businesses also react to taxes‚ both in how they organize their activities and‚ perhaps‚ in where they carry them out. How people and businesses react in turn affects the level and structure of taxation. The purpose of taxation is to raise revenue to pay for public goods‚ but along the way it has impacts on economic growth and income distribution
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