A tax haven is a place with extremely low tax rates. The rationale is that rich people and businesses can choose where to pay tax, so they are attracted to places with the lowest tax rates. As a result, the tax havens receive tax income that would otherwise go to other countries. Tax havens are good for both taxpayers and for the people of the tax havens. To what extent do you agree or disagree?
#tax #haven #place #rates #rationale #people #businesses #places #havens #income #countries #taxpayers
Some
countries
offer extremely low Use synonyms
tax
rates and these places are regarded as Use synonyms
tax
Use synonyms
havens
. Some reason that wealthy individuals and businesses have the option of where to pay Use synonyms
tax
, with Use synonyms
this
, they are attracted to these places. Linking Words
Consequently
, Linking Words
tax
Use synonyms
havens
receive Use synonyms
tax
income that should Use synonyms
otherwise
go to other Linking Words
countries
. It is often argued that it is beneficial for both taxpayers and the citizens of the Use synonyms
tax
Use synonyms
havens
. Personally, I disagree that Use synonyms
tax
Use synonyms
havens
are good for taxpayers and the Use synonyms
tax
Use synonyms
havens
' citizens.
Use synonyms
Tax
Use synonyms
havens
can have advantages for corporations and extremely wealthy people, Use synonyms
however
, Linking Words
this
can have a potential for misuse in illegal Linking Words
tax
avoidance. They can use Use synonyms
tax
Use synonyms
havens
as a legal means of concealing money earned overseas while avoiding higher taxes in one's own country. Use synonyms
Tax
Use synonyms
havens
have the ability to do Use synonyms
this
by being uncooperative with the foreign Linking Words
tax
authorities. Use synonyms
For example
, companies can do business in a Linking Words
tax
haven and get away with paying taxes in their own country Use synonyms
thus
, increasing their earnings overseas. Linking Words
However
, there is an increasing international political pressure for Linking Words
tax
Use synonyms
havens
to cooperate with the foreign Use synonyms
tax
authorities. Use synonyms
Additionally
, Linking Words
countries
with a higher Use synonyms
tax
rate can result in a loss of Use synonyms
tax
revenues Use synonyms
thus
contributing to the increasing incidence of the financial crisis. Linking Words
This
can damage livelihood in other Linking Words
countries
,especially the poorer Use synonyms
countries
.
In conclusion, Use synonyms
tax
Use synonyms
havens
can be beneficial Use synonyms
tax
saving options for wealthy people and large corporations Use synonyms
however
, they can be damaging to other Linking Words
countries
and its citizen as it opens option for committing illegal Use synonyms
tax
avoidance. Use synonyms
Thus
, Linking Words
tax
Use synonyms
havens
are not beneficial to taxpayers and the people of a country.Use synonyms
Submitted by estillorericamae on
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Structure your answers in logical paragraphs
The easiest way to score well on the IELTS Task 2 writing portion is to structure your writing in a solid essay format.
A strong argument essay structure can be split up into 4 paragraphs, each containing 4 sentences (except the conclusion paragraph, which only contains 3 sentences).
Stick to this essay structure:
- Paragraph 1 - Introduction
- Paragraph 2 - First supporting paragraph
- Paragraph 3 - Second supporting paragraph
- Paragraph 4 - Conclusion