A Tax Haven Often Is

question 32

Multiple Choice

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.

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Definitions:

Cultural Identities

The shared characteristics, traditions, languages, and customs that define a group of people and distinguish them from others.

Militia Musters

Historical gatherings where local military units met for training or review.

Economic Growth

Economic growth is the increase in the market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real gross domestic product (GDP).

British Colony

A territory under the political control of the United Kingdom, often established overseas during the British Empire's expansion.