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Tax Haven
(redirected from Tax Haven Countries)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Tax haven
A nation with a moderate level of taxation and/or liberal tax incentives for undertaking specific activities such as exporting or investing.

Tax Haven
A country that has a low tax liability compared to other countries or no taxes at all. Some countries deliberately set themselves up as tax havens in order to encourage international corporations to register themselves there. Some countries that are not tax havens have loopholes in their tax codes in order to allow certain persons and companies to place some of their assets in an account in a tax haven.

tax haven
A country or other political entity that offers outside businesses and individuals a climate of minimal or nonexistent taxation. In some cases, the low taxes apply not only to those levied by the tax haven itself but also to the possibility of reducing or avoiding taxes levied in the investor's home country.


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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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