APSC Prelims and Mains Notes, APSC Test Series
a) Tax havens: A tax haven is a country or territory where certain taxes are levied at low rate or not at all. The basic features of tax havens are nil or nominal rates, lack of effective exchange of information, no requirement of substantive local presence. b) BEPS: Base erosion and profit sharing … Read more
Tax incidence: Tax incidence is the entity on whom tax is imposed. It is the distribution of the overall tax burden between sellers and buyers in an economy. Tax burden: It is the total amount of tax paid by a particular group of people, an industry etc especially as compared to what other … Read more
Bank rate: Bank rate is the rate at which RBI lends long term to commercial banks. Bank rate is a tool which RBI uses for managing money supply. Merchant discount rate: It is a charge to a merchant by a bank for accepting payment from their customers in credit and debit cards every time … Read more