Tax Havens and Canadian Taxation Research Paper

Tax Havens and Canadian Taxation - Research Paper Example Countries with this kind of policies do so aiming to attract more foreign investors so as to boost their economy. Such nations are usually small nations with limited natural and industrial resources (Anderson, 2014). Without this regime that attracts foreign investors who come to boost their economy, the existence of such nations would be threatened. These offshore jurisdictions have attracted many foreign investors in recent years who most of them are usually persons fleeing their country’s taxation systems so as to establish their investments in more favorable environments. Most countries do allow their citizens to invest in tax havens. In Canada, depositing funds in a foreign tax haven is allowed by the law. A Report on any income related to such accounts is the only requirement the government asks from these investors (Hale, 2012). Tax havens are mainly found in small countries and especially islands. As stated earlier the main feature of tax havens is a favorable tax policy and investment environment for foreign investors operations. However, there are other features that could help one identify tax havens. Bank secrecy is a serious and strict rule. Data and Information about account holders is only given to respective authorities only in cases of available evidence of major crimes like drug trafficking or terrorism Andorra, Bahamas, Bermuda, Hong Kong, the British Virgin Islands, Monaco, the Channel Islands, Belize, the Isle of Man, Lichtenstein, the Cayman Islands Panama, the Cook Islands, Switzerland, Mauritius, and St. Kitts and Nevis (Anderson, 2014). Pressure from foreign nations that feel the need and demand to collect all tax revenue they believe is entitled to them has forced tax havens to sign treaties that allow tax data exchange. They have also had to sign agreements that allow for the providence of investors

What is a network Discuss the advantages of using a network, and Essay

What is a network Discuss the advantages of using a network, and briefly explain the main types of networks - Essay Example Instead, all computers in a network can be connected to a single printer such that users can access it from their work stations. This helps to minimize costs, time wastage as well as protecting the machines from contracting computer viruses, which may be spread through the use of removable storage devices to transfer documents (Newman, 2010). There are various types of networks which include and not limited to; local area networks (LAN), wide area networks (WAN) and metropolitan area networks (MAN) (Wetherall, 2010). Computers and other hardware in a LAN are connected within a short geographical distance, for example a building, a hospital or a school, through the use of guided media i.e. cables. If numerous LANs are interconnected within a wide geographical area such as across continents then, they form a Wide Area Network. The internet is an example of a WAN as it facilitates connectivity between users throughout the world regardless of their geographical location. On the other hand MAN is an interconnection of several LANs within a geographical location smaller than that of WAN. This type of connectivity can be found within an area for example a city or a town (Wetherall,