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tax haven
(redirected from Tax Haven Countries)

   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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Even France, which employs a predominantly territorial system of taxation, provides for current taxation of certain passive sources of income that may easily be earned in tax haven countries.
Due to the various reasons, but mostly tax and privacy issues, many companies are getting an offshore incorporation in so-called tax haven countries all around the world.
The third group of smaller tax haven countries accounts for 14 percent of earnings and less than I percent of rest-of-world GDP.
 
 
 
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