Tax Havens
/ˈtæks ˌheɪvənz/
Definitions
- (n.) Jurisdictions offering low or zero tax rates and financial secrecy to attract foreign individuals or businesses to minimize tax liabilities.
Many corporations establish subsidiaries in tax havens to reduce their global tax obligations.
Forms
- tax havens
Related terms
See also
Commentary
The term primarily refers to jurisdictions rather than a general concept; usage often focuses on regulatory and compliance implications regarding international tax law.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.