Legal regulation of offshore companies and trusts MFPU

Product description

Synergy test "Legal regulation of offshore companies and trusts.fu_MAG" answers to questions 96/100 points.

• What is the corporate tax rate in Cyprus:

15 percent

percent

7 percent.

• What are the main activities of the OECD:

distribution of funds

countering money laundering, tax evasion, corruption and bribery

economic and political union of European states.

• Where are the "offshore zones" in Russia?

Chechnya

Kalmykia

KChR

• What is international tax planning?

these are tools, methods, schemes, including offshore, trusts, funds and other corporate structures

purposeful actions of the taxpayer aimed at reducing his tax liabilities incurred by him in the form of taxes, fees, duties and other obligatory payments

purposeful activity, which consists in obtaining the best results under appropriate conditions

• Who is the beneficiary?

a specialist in financial accounting in an organization in accordance with applicable law

the natural or legal person to whom the cash payment is intended, the recipient of the money

a specialist who understands politics, economics, knows the turnover of competitors

• What are transnational corporations guided by when forming transfer prices?

industry average prices

competitive prices

domestic prices

• When paying interest to a Cypriot lender, withholding tax …

not withheld

withheld at a rate of 5 percent

withheld at a rate of 10 percent

• How many offshore zones are there?

three types

five types

seven types.

• What categories of legal entities are subject to preferential tax treatment in offshore zones?

for all business entities

for non-residents

for non-residents who do not operate in the territory of the offshore zone

• What are the claims against offshore zones:

tax competition

assistance to crime (primarily in the "laundering" of money

fair competition.

• What are the criteria for determining a tax haven?

50% taxation

strict secrecy and lack of effective information exchange (with the tax authorities of other countries)

sufficient transparency in the operation of the law and administrative rules

• What is defined as Royalty?

percentage of profit or income

type of copyright

both options are correct

• Year when the last edition of the INCOTERMS international rules was made:

2010

2000

2016

• What is the mandatory measure to be applied together with quotas:

customs clearance

lobbying

licensing

• What are quotas?

taxes

limits

prohibitions

rates

• What is a holding?

the combination of a parent company and subsidiaries controlled by it

financial institution

state-financed organization

• Who are called beneficiaries?

persons indicated by the issuing bank as the owner of the documentary letter of credit

persons not financially benefiting from the trust

persons receiving moral gain

• Which intermediaries carry out transactions on their own behalf and at their own expense?

jobbers

consignees

brokers

dealers

• What are non-cash payments between countries, companies, enterprises and banks for goods supplied, sold to each other, securities and services rendered, carried out by mutual offset, based on the terms of the balance of payments?

Clearing

Factoring

Dumping

• In what year was the Money Laundering Control Act passed?

in 2009

in 1975

1986

• What are the main types of firms used in the offshore insurance business?

reinsurance firms

external insurance companies

offshore brokers

• What are the criminal purposes of using offshore banks?

masking criminal enterprises under the guise of respectable banks

open actions of organizers and executors of financial transactions

implementation of bona fide banking activities

• Which countries and territories of Western Europe, where offshore centers with preferential and moderate taxation are located:

Ireland

Spain

France

Additional information

• What are the features of offshore jurisdictions?

preferential tax treatment

financial secrecy

dual currency control system

simplified procedure for registration of offshore legal entities

• Dividends received by a presidential company in a Cyprus offshore zone.

5 %

0%

1 %

• What is defined as an offshore company?

monopoly organization engaged primarily in foreign trade

effective tax planning tool

an organization that provides everyone with access to financial markets for trading

• What is the rate of corporate tax on profits in an offshore zone in Cyprus?

15 percent

12.5 percent

7 percent

• What does the FATF do?

development of financial measures to combat money laundering

coordination of projects for the economic reconstruction of Europe in the framework of the Marshall Plan

economic and political union of European states

• Offshore jurisdictions are used…

exclusively for criminal purposes

exclusively for lawful purposes

for both legal and criminal purposes

• What is Offshore?

intercompany (within a consolidated taxpayer (group, association, holding tax planning

within a consolidated taxpayer (group, association, holding, etc.) tax planning

personal (family) tax planning

an organization that is registered in a zone with preferential taxation