Answer:
The question is missing the below options:
A) bank secrecy laws and the avoidance of paying taxes in other countries.
B) low wages, bank secrecy laws, and the avoidance of paying taxes in other countries.
C) the wide use of English and the large number of working students in the Cayman Islands.
D) the avoidance of paying taxes in other countries and the hiding of prostitution and capital crimes.
E) corporate greed and the hiding of unethical and illegal behaviors, including prostitution.
The correct option is A,bank secrecy laws and avoidance of paying taxes in other countries.
Explanation:
One key reason that makes outsourced offshore banking industry attractive is that money laundering and illicit trade deals prohibited by the bank secrecy laws are made possible by outsourcing offshore banking industry.
Anyone who wants to enjoy relaxed banking regulations as well as conceal the proceeds of ill-gotten wealth are naturally the advocates of such banking approach.
Popular offshore banking centers include the Cayman Islands,Mauritius,Dublin and so on
Answer:
Is the proposed action legal?
Explanation:
The very first step in the decision tree (below) was ignored. Disregarding local laws is ignoring the question of legality.
Answer:
$735 billion
Explanation:
Calculation to determine the national saving
Using this formula
National saving =Gross domestic product-Consumption expenditure-Government expenditure
Let plug in the formula
National saving=$2,450 billion-$1,390 billion- $325 billion
National saving=$735 billion
Therefore the national saving is $735 billion
Answer:
Customer may not want the product which the company is making well.
Explanation:
It is not necessary that market needs those products which the company is producing perfectly. It cannot enter into product differentiation and cannot meet customer demands and needs of specific or altered products. The company can achieve specialization and can be a niche player in the market but also on the other hand company’s business is limited to only few products at which it is perfect. It cannot allow customization to its products.