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Tax Haven
(redirected from Tax Haven Country)

   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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owners, based on beneficial ownership (already required to be known under anti-money-laundering rules) any financial institution that establishes a trust, corporation, or bank account in a tax haven country would be required to report it to the IRS.
The main principle a tax haven country follows is granting a company tax-free status in exchange for restriction to trade on its territory.
If you are banking in an offshore tax haven country and the OECD efforts fail with a number of nations refusing to sign these treaties then you win.
 
 
 
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