Which of the Following Statements Holds True for a Tax

Multiple Choice

Which of the following statements holds true for a tax haven?

A) It refers to a country which requires a substantive local presence of the organization that has parked its revenue in this country.
B) It refers to a country which has highly effective exchange of tax information with foreign tax authorities.
C) It refers to a country which has very advantageous (low) corporate income taxes.
D) It refers to a country which is highly transparent in the operation of legislative, legal, and administrative provisions.
E) It refers to a country which promotes itself as a financial centre for resident companies.