Monday, April 27, 2020

FOR THE REVIVAL OF GLOBAL ECONOMY, IF THIS VIRUS IS A DAMPENER; THEN, FOR THE ENTIRE WORLD, THE FINANCIAL STRATEGIES OF 'CAYMAN ISLANDS' CAN BE AN EYE-OPENER !!!

"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


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