8.6A Growth of Low Tax Regime States

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Created by
Jonty

Cards (3)

    • Globalisation has encouraged the growth of states that have low-tax regimes which provide (tax) havens for the profits for Trans National Corporations (TNCs) and homes for wealthy expatriates
  • tax haven = When nations offer low or zero tax regimes, which provides a shelter from government taxation 
    • Some examples of low tax regime states are:
    • Ireland, which has a corporate tax rate of 12.5%,
    • Luxembourg
    • The Cayman Islands offer 0% personal tax rate and very low business taxes. As of 2022 116,996 companies were registered on the island