|Question 11Verbal

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Economist Gabriel Zucman finds that 8% of worldwide household wealth is held in tax havens (territories such as Singapore with low tax rates for investors who reside outside those territories). Zucman also finds that use of tax havens differs between countries-they are rarely used by investors living in Japan, while many investors who utilize tax havens reside in Saudi Arabia or Greece. Philosopher Ingrid Robeyns disapproves of the use of tax havens as a method of tax avoidance that, though legally permissible, nonetheless helps investors to sidestep payment toward government upkeep.
Based on the text, what does Zucman's research suggest about investors residing in Japan?
They are engaging in investment practices that Robeyns would acknowledge as beneficial because they are legally permissible.
A
They are less likely than investors residing in Saudi Arabia to store wealth in Singapore.
B
They are more likely than residents of Singapore to utilize investment strategies that might yield greater returns but that might also result in greater losses.
C
They are more likely than residents of Greece to engage in tax avoidance.
D