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Tax Havens
Transfer Pricing
Structure
Relationships
Accountability/Governace
100
This Country makes it easy for people to open offshore bank accounts. However, this has also resulted in the increasing number of individuals opening such accounts so they can evade their taxes. The good news is that the country is trying to control this problem through the implementation of stricter and much more stringent policies
What is Germany?
100
At Unilever, any transfer pricing is always calculated using this principle
What is "Arm's-length" principle?
100
What defines the relationship between legal entities with in a group.
What is Structure?
100
Unilever seeks to develop strong, mutually respectful relationships with national tax authorities base on these.
What is Transparency and Trust
100
Unilever reports to them on adherence to the Tax Priciples.
What is The Board?
200
An island city-state in Southeast Asia, is considered by many as one of their best choices for opening offshore bank accounts. Almost anyone can open such a bank account without experiencing any hassle.
What is Singapore?
200
At Unilever, this team is responsible for ensuring adherence to the Transfer Pricing Principles and that they are followed in all our planning.
What is the Global Transfer Pricing Team?
200
These are required for all structures.
What are Substance and Commercial Purpose?
200
this is Unilever's starting point to show that they are in full compliance with the tax law.
What is the Tax Return?
200
Unilever uses this to ensure out tax compliance and tax postions adhere to the Tax Principles.
What is Self Audit?
300
A British Overseas Territory situated in the western part of the Caribbean Sea, is comprised of three different islands. Located northwest of Jamaica and to the south of Cuba. People who are looking to evade their taxes get the full package. They do not have to pay for personal income taxes, capital gains, corporate taxes, and payroll taxes. The country does not even withhold tax on foreign clients.
What is The Cayman Islands?
300
This is crucial to support tax audits of transfer prices potentially years down the line.
What is Quality Documentation?
300
This should be used when agreeing to structures and arrangements.
What is Judgement?
300
Unilever helps tax authorities fix system weaknesses by being this.
What is Proactive?
300
Signoff procedure for all tax initiatives ensuring adherence to Principals make us this.
What is Accountable?
400
The country implements an extremely high level of secrecy when it comes to the financial assets of its clients. The offshore accounts here have partial or full tax exemptions, depending on the private bank.
What is Switzerland ?
400
The Transfer Pricing principle applies to what type of transactions with in Unilever.
What are Intercompany Transactions?
400
Unilever does not use contrived or abnormal tax structures that are intended for this.
What is Tax Avoidance?
400
Unilever does not take advantage of these types of fiscal regulations/institutions.
What is weak or poorly constructed?
400
All employees can raise issues of concern confidentially using this.
What is Code of Business Priciples?
500
This State is the closest thing the U.S. has to a tax haven. No personal income tax, no capital gains tax, no gift tax, no inheritance tax, no franchise tax, no inventory tax.
What is Nevada?
500
These type of sales are not intercompany transactions.
What are Intercompany Tranactions?
500
In case of doubt on what constitutes substance and commercial purpose, you should contact them.
What your local tax representative?
500
Unilever supports these types of relationships.
What is Enhanced Relationships?