University Student, BTS A. R. M. Y since 2014, Loves to read books, collecting dolls, food, everything kawaii
Becoming a Premium user
Checked in for a total of 360 days
Obtain a cumulative total of 10,000 Coins
Add email and upload avatar
Registered for over 1 years
KaiAoihana: Hahaha.. I love Xie Yi's cold counterpart...
Ehem. I might be one of Boss Lan's brainless fan! HahahahahaIt's Not Easy to Be a Man After Travelling to the Future · C783
It's Not Easy to Be a Man After Travelling to the Future · C783
Immapotato: time to disprove his own theory and bankrupt the research thieves lllScholar's Advanced Technological System · C338
NeverMind71: So that's why it is called the tea party☕😂🎉It's Not Easy to Be a Man After Travelling to the Future · C780
It's Not Easy to Be a Man After Travelling to the Future · C780
ContesaRubia: I utterly ADORE Great Grandfather Fang, his SHAMELESSNESS when it comes to DARLING Zhao is starting to enter the Heavens.
Jinro should meet Great Grandfather Fang to learn about True shamelessness.Superstars of Tomorrow · C438
jspanlilio: Timid? Yeah right hahahaIt's Not Easy to Be a Man After Travelling to the Future · C770
It's Not Easy to Be a Man After Travelling to the Future · C770
Solomon369: That is called a cliffhanger my fellow reader, and is in fact frowned upon in most societies. : )Scholar's Advanced Technological System · C328
Rakshademon: Poor Team 9...their worst nightmare came true while those eliminated are still floundering around utterly clueless on how they died. 😂😂😂Superstars of Tomorrow · C436
Rose_Angel_21: Hubby is nervous about wifey finding out his secret.It's Not Easy to Be a Man After Travelling to the Future · C744
Love_So_Life: Hehe, Doting Papas trying to hide their affectionate side while maintaining their dignities. I hope their little girls will like our Boss Lan's choice 😄😄😄
Little Blossom, Little White is trying to steal your position as the most adorkable follower of your master, where are you??
Number Four, please go easy on our baby Little Blossom!!!It's Not Easy to Be a Man After Travelling to the Future · C722
Why Are the Cayman Islands Considered a Tax Haven?
BY CLAIRE BOYTE-WHITE - Updated Jul 30, 2019
The Cayman Islands are one of the most well-known tax havens in the world. Unlike most countries, the Caymans don't have a corporate tax, making it an ideal place for multinational corporations to base subsidiary entities to shield some or all of their incomes from taxation.
In addition to having no corporate tax, the Cayman Islands impose no direct taxes whatsoever on residents. They have no income tax, no property taxes, no capital gains taxes, no payroll taxes, and no withholding tax. They are therefore considered tax neutral, although U.S. and UK citizens living in the Caymans must file income taxes with their respective revenue departments.
Instead of earning revenue through direct taxation, the Caymans earn revenue via fees related to stay-over tourism and work permits, financial transactions, and import duties. Duty taxes are levied on most goods imported to the Caymans, at a rate of 22% to 27%. Some items, such as baby formula, are exempt from duty taxes, while other goods, such as automobiles, are taxed at a higher rate based on the value of the vehicle. For expensive cars, the duty tax rate can be as high as 42%.
What Is a Tax Haven?
A tax haven is any location that has very lenient or even non-existent tax laws. There are numerous tax havens around the globe, including Switzerland, the British Virgin Islands, Bermuda, and Dominica. The specific tax laws in each location vary. While some simply tax income at lower rates, sometimes as low as 2%, others have virtually no taxes. The British Virgin Islands, for example, has no corporate tax, estate tax, inheritance tax, gift tax or sales tax, and it has an effective income tax rate of zero.
How Do Tax Havens Work?
Tax havens provide offshore banking services to foreign individuals and businesses that allow them to avoid paying income taxes in their countries of residence. For example, a large corporation might establish an offshore subsidiary in the Cayman Islands and direct all sales through the subsidiary rather than through the parent company based in the United States.
In this case, the shell corporation earns the company's profits and is subject to the tax laws of the Cayman Islands rather than the United States. Instead of being subject to the U.S. corporate tax rate, which stood at 38.9% in 2017, the company's profits are subject to whatever corporate or income taxes apply in the Caymans.
Tax Laws in the Cayman Islands
The Caymans have become a popular tax haven among the American elite and large multinational corporations because there is no corporate or income tax on money earned outside of its territory. This includes interest or dividends earned on investments, making the Caymans especially popular among hedge fund managers.
Instead of taxes, offshore corporations pay an annual licensing fee directly to the government. This fee is based on the amount of authorized share capital the company has.
Like all tax havens, privacy laws are paramount. The Caymans make it easy for individuals and business owners to shield their assets and identities from prying eyes.Scholar's Advanced Technological System · C277
Isaactomace: Feels like he's playing Pokemon, he's gotta catch em allScholar's Advanced Technological System · C269
Isaactomace: I can never unsee this.... i curse you to the 10th generationScholar's Advanced Technological System · C241
Chrysenthium: Xie Yi's heart almost stopped when he saw Luo Lang in danger eh? Oh my 😶 author-san I'm holding on to these hints you're throwing. Don't dissapoint us please~
Also, this captain Yang is quite a nostalgic softie. He's on the right path at the moment, so I wish him a better future.
Everyone put up a good fight! Those officers are tracking this progress up there right? I hope they're seeing this fight, how the 'useless' 250 clan is performing, without their commander leading them in the battle. It's simply amazing! 😁👊It's Not Easy to Be a Man After Travelling to the Future · C693
Please switch to the pop-up to complete the payment.
Complete the daily and EXP missions, as well as every week’s reading missions to obtain EXP and SS as rewards.Learn more about the rules 1. You can obtain the corresponding EXP and Bonus SS as rewards by completing daily missions and EXP missions, as well as weekly reading missions. 2. The obtained EXP can raise your user level. 3. Bonus SS can be used to unlock chapters, gift authors, etc. They are effective for 30 days. 4. Daily Tasks and corresponding rewards renew daily at 00:00 UTC+8. Don't forget to claim your rewards in time. 5. Weekly Reading Missions refer to the time you spend reading novels and comics on Webnovel every week. 6. The weekly reading time is calculated while your device is connected to the Internet. This might result in a delay of several minutes.