"Due to 25% indirect taxation, a business unit
pays the Government Rs.100/- by taking it
from the customer, for a product whose
selling price is Rs.400/-;
but, to manufacture that product,
the total operational expenses is
Rs.100/-, so, per product, the
net profit is 300/-.
If nations like Ireland, Switzerland,
Hong Kong, Singapore and some
other nations don't charge
direct taxes on the net PROFIT;
then will you be
not a happy person
if you would have been
the owner of that business UNIT ?
If you look at the
'Cayman Islands' MAP;
you may feel as if a shark is chasing
two fishes by maintaining a GAP.
A 'Cuban Crocodile' is bigger
in size than any 'CAIMAN';
but the income level of any resident of
'Cayman Islands' is higher than any CUBAN.
'King George III' gave them
a legendary REWARD;
but, ages after ages, it actually
became a financial AWARD.
Why so many Multinational Companies
have opened their branches in
'Ugland House' of GEORGETOWN ?;
because the MNCs have its business unit in a
'tax haven' soil, that is, no taxes on net profits
and the business may never go DOWN.
We don't know how many nations
can show the courage to become
a 'tax haven' CAMPAIGNER;
but, for the revival of the
global economy, if this
virus is a DAMPENER;
then, for the entire world, the
financial strategies of 'Cayman Islands'
can be an EYE-OPENER."- Arindam Sain
pays the Government Rs.100/- by taking it
from the customer, for a product whose
selling price is Rs.400/-;
but, to manufacture that product,
the total operational expenses is
Rs.100/-, so, per product, the
net profit is 300/-.
If nations like Ireland, Switzerland,
Hong Kong, Singapore and some
other nations don't charge
direct taxes on the net PROFIT;
then will you be
not a happy person
if you would have been
the owner of that business UNIT ?
If you look at the
'Cayman Islands' MAP;
you may feel as if a shark is chasing
two fishes by maintaining a GAP.
A 'Cuban Crocodile' is bigger
in size than any 'CAIMAN';
but the income level of any resident of
'Cayman Islands' is higher than any CUBAN.
'King George III' gave them
a legendary REWARD;
but, ages after ages, it actually
became a financial AWARD.
Why so many Multinational Companies
have opened their branches in
'Ugland House' of GEORGETOWN ?;
because the MNCs have its business unit in a
'tax haven' soil, that is, no taxes on net profits
and the business may never go DOWN.
We don't know how many nations
can show the courage to become
a 'tax haven' CAMPAIGNER;
but, for the revival of the
global economy, if this
virus is a DAMPENER;
then, for the entire world, the
financial strategies of 'Cayman Islands'
can be an EYE-OPENER."- Arindam Sain
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