Is Botswana International Financial Services Centre a tax haven?
We are not a tax haven. Countries offering zero tax rates are often frowned upon internationally. This is because tax havens are regarded as a harmful practice as they are often subject to secrecy, which is not sustainable. Traditional tax havens are also coming under increasing pressure over issues such as money laundering and tax evasion. We do not intend to ruin our international reputation by embracing practices which place us in the category of a tax haven. Our vision and values are predicated on integrity and best practice, among other things. We are by deliberate design, and as matter of stated policy, a transparent, civil business location with internationally benchmarked standards of regulation, complete with rigorous screening and project approval processes.
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