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tax haven
(redirected from Low tax jurisdiction)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
tax haven
n
(Economics, Accounting & Finance / Banking & Finance) a country or state having a lower rate of taxation than elsewhere
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.tax haven - a country or independent region where taxes are low
country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries"
Translations
tax haven nparadiso fiscale


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By depositing your money into an offshore bank account with low tax jurisdictions, you can realize substantial tax savings.
This can mean substantial tax savings for people who have moved their banking offshore to countries with low tax jurisdiction.
Thus, the use of the sales branch in the low tax jurisdiction results in a tax savings of $3.
 
 
 
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