Question: A). Explain what you understand by the statement that tax havens are essentially booking centers? Give examples of countries that are considered tax havens. (4

A). Explain what you understand by the statement that tax havens are essentially booking centers? Give examples of countries that are considered tax havens. (4 marks)

B). State if you believe a developing country could achieve any advantages and disadvantages of being a tax haven. (13 marks)

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