Usborne Money Reading for Beginners - Offshore Banking

What is the money that businesses and people pay to governments when they earn their money called?

Tags

CCSS.RI.3.5

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

Offshore tax havens are the places where governments demand max tax.

• True.

• False

Shell companies are the ones that are registered in​ an ​ (a)   ​ but has no ​ (b)   .

• address
• employees
• managers
• guards
• beach

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

People like Danise in the story can pay ​ (a)   tax if she sets up a ​ (b)   company.

• less
• shell
• small
• more
• big

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

What are the names of two famous tax havens?

• Phu Quoc Islands

• Cayman Islands

• Channel Islands

• Indonesia

How much do governments worldwide lose in tax each year because of the tax havens?

• $700 billion

• $7000 billion

• $7 billion

• $70000 billion

Tags

CCSS.7.RP.A.2C

Banks always public their depositors' identities and money activities.

• True

• False

Tags

CCSS.RL.11-12.6

If governments had ​ (a)   money from tax, they would have ​ (b)   to spend on people in need.

• more
• fewer
• big
• little

If the banks don't check where depositors get their money from, or how they spend their it, it makes it easy for criminals to ... .

Tags

CCSS.RI.4.8

CCSS.RI.5.8

CCSS.RI.6.1

CCSS.RI.6.8

CCSS.RL.4.5

What can businesses do when they pay less tax?

• They have more money to invest.

• They can create more jobs.

• They can make the products cheaper.

• All the above answers.