i like to read to the point of being lethargic when in front of a book.
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_Athena_: His grandfather mentioned about his brother in this chapter, so I just guessed it that his brother might be the father of Little Rui and Little Ran. ლ(╹◡╹ლ)I Hate You, Devil! · C64
_Athena_: So the twins' father was Yu Chen's brother?! 🤔Was his brother killed?! (〒︿〒)I Hate You, Devil! · C64
Dwarkin: As an Asian I want to ask Zhang Fan on behalf of his parents: "Why only 533 and not 600? Our neighbor's distant nephew scored 599, you have to study more!" 😂😂😂Path of Medicine With a System · C55
I Hate You, Devil! · C61
Darian: You’re exactly right, we’re paying stones per word in the chapter. But, the author’s notes are not stolen to other sites, so if the author posts his plea there, it won’t be seen.Haven Online · C95
Haven Online · C95
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
AinzAlmighty: I disagree. His ex-gf is the one who's actually selfish giving him the ultimatum between his career or her just because she failed her exam. For doctors moving to a large hospital is important for career progression. Good thing he dumped her.Path of Medicine With a System · C44
Dlustig2000: Checked with authors patreon site and found out that farming for gold will be back next TuesdayFarming For Gold · C57
secrettattletale: Mag kept his promises to Amy for fear Amy would pick up bad habits, but he instead giving idea to Amy for skipping school 😶😶😶😶
I'm dumbfoundedA Stay-at-home Dad's Restaurant In An Alternate World · C216
Sweetshi_1211: If you want extreme racism then you can find it on Extraordinary Genius novel. That novel was awesome about someone who went back on time and used his knowledge for his business empire. But the main character got extremely rich at the end and would actually spend extra money to promote his racism. It got ugly even for my racism tolerance in these novels 😩Scholar's Advanced Technological System · C244
Path of Medicine With a System · C20
OKAY: Is that even a wordPath of Medicine With a System · C9
Scholar's Advanced Technological System · C244
Archena: In every chinese realism system novel, there would always be evil korean people.Scholar's Advanced Technological System · C244
OukisLips: ... ... ... Because Oliver is such an Asian name? And if you're basing that assertion off of the novels you read on this site ... then I'm glad to see you did some serious research on the subject lol. Anyways, I'm not sure about the parents. The narration comes off as if he doesn't have any debts currently. A degree in architecture with no debt? Not possible, unless his parents foot the bill. That's saying something considering Architecture is right up there with Liberal Arts degrees in terms of lack of job security after graduation (relative to other university degrees). It also sounds like they put off their retirement until after they could get the MC some job experience on his resume by having him work at their shop.
So, they don't sound like bad parents to me.Divine Beast Ascension · C0
liqeye: This doesn't just happens in story but in real life. That why i am a firm believer that media must but regulated to be bias to prevent propaganda movements. It should come in forms of debate where they give opinions comming from multiple perspective then summarized by based on the report.Scholar's Advanced Technological System · C243
A Stay-at-home Dad's Restaurant In An Alternate World · C194
A Stay-at-home Dad's Restaurant In An Alternate World · C194
The Achievement Junkie · C84
The Achievement Junkie · C79
OvumAureum: Holy **** 1200 chapters were already much now its 1500? WOW! Btw am I the only one that thinks that Bowser was forgotten and only picked up now? xDThe Achievement Junkie · C78
Kowai_Eli: I’m can’t wait till the ml appears. Though Mc still needs to have time to get stronger and develop he needs to have his retribution by his own handsHaven Online · C75
Monsieur007: You are not alone, I have reread a few parts to make sure I didn't miss a thing. But the story flow is simply confusing.... but since my interest is peaked i'll read further.... for nowHandsome CEO'S Bewitching wife · C3
_Lightn1ngG0d_: Yo what happened to the second skill book?The Immortal Player · C10
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