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Top 10 countries listed as 'paradise' for caution / tax evaders! See where India ranks

The list of top-10 tax-haven countries for corporate companies has been released. Tax haven countries are countries where there is no or no corporate tax on companies. Large companies use such countries for tax evasion or round tripping.

Also read કામની વાત/ ક્યાંક બેંકમાં જમા તો નથી તમારા બેકાર રૂપિયા? આ રીતે ચેક કરીને મેળવો પરત

The corporate tax haven will announce a new list of countries

Corporate tax haven index is issued every two years for such countries. Recently the Tax Justice Network will release a new list of corporate tax haven countries. This is an independent research based international network. The Corporate Tax Haven Index ranks first in the British Virgin Islands, followed by the Cayman Islands and Bermuda in third place. So Britain ranks 13th in this list.

ગુજરાતી માં ન્યૂઝ વાંચો 

Tax Heaven announces list of 70 identical countries

 However, India is not included in this list. This is because companies in India have a high corporate tax rate of 25 to 30 per cent and strict laws against tax evasion and round tripping funding. The Organization for Economic Co-operation and Development (OECD) has failed to identify and prevent corporate tax evasion enabled by its own rich member countries, the Tax Justice Network said. The OECD has a total of 37 member countries. In it, Britain, the Netherlands, Switzerland and their dependents are responsible for 68 per cent of the total corporate tax evasion risk in the world.

Also read પીએમ કિસાન યોજના/ આ ખેડૂતોને નહીં મળે સન્માન નિધિનો લાભ, 6000 રૂપિયા મેળવવા માટે કરવુ પડશે આ કામ

The index includes 70 countries

The Corporate Tax Heaven Index covers 70 countries. The ranking is based on their corporate tax haven score. This index shows which countries attract multinational companies aggressively or through zero corporate taxes, loopholes, privacy, etc. and enable them to shield them from other countries' tax provisions.

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