OIL CRASH
what are the core forces that determine oil prices?
supply and demand
A tax haven is a country that requires businesses and individuals to pay high taxes and publicly disclose all financial information. TRUE OR FALSE
FALSE
A tax haven is actually a country that offers low or zero taxes and strong financial secrecy, allowing businesses and individuals to minimize their tax burden.
In the 2014 oil crash, OPEC decided to cut oil production to stabilize prices and protect smaller oil producers. TRUE OR FALSE
FALSE,
in 2014, OPEC chose not to cut production, despite a surge in U.S. shale oil output. This decision led to an oversupply of oil, causing prices to crash.
" The rich don't pay taxes " true or false
¯\_(ツ)_/¯.
Did oil prices drop to below 0 in the 2014 crash or 2020?
2020
Tax havens benefit regular taxpayers by ensuring that all individuals and corporations pay an equal share of taxes. TRUE OR FALSE
FALSE
Tax havens do not benefit regular taxpayers by ensuring equal taxation. Instead, they allow wealthy individuals and corporations to legally avoid taxes
what does OPEC stand for ?
Organization of the Petroleum Exporting Countries
name a popular tax haven we mentioned :
Cayman Islands , Switzerland ,Singapore Panama
the oil price war in 2020 was between ...... and ......
russia and saudi arabia
What Makes a Country a Tax Haven?
Low or No Taxes – Little to no corporate or income taxes.
Financial Secrecy – Protects identities of businesses and individuals.
Easy Business Setup – Quick, low-cost company registration.
No Information Sharing – Doesn’t report financial details to other governments.
Asset Protection – Shields money from lawsuits or authorities.
Political Stability – Safe place to store wealth long-term.