Tax havens are characterized by all of the following EXCEPT that they are ________.
A) legal means to reduce corporate income taxes
B) regions where certain taxes are absent
C) supported by the World Bank and the EU
D) used to establish operations or funnel transactions

Question

Quizplus · Accepted Answer

Tax havens are not universally supported by the World Bank and the EU; in fact, these organizations often criticize tax havens for facilitating tax avoidance and undermining global and national tax systems.

Tax Havens Are Characterized by All of the Following EXCEPT