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tax haven
(redirected from Low tax jurisdiction)

   Also found in: Financial, Wikipedia 0.09 sec.

tax haven

Country or territory where taxes are much lower than elsewhere, allowing foreign residents or companies registered there to reduce their tax liabilities and maintain business confidentiality.



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? Mentioned in ? References in periodicals archive
 
Thus, the use of the sales branch in the low tax jurisdiction results in a tax savings of $3.
Because some countries tax only domiciliaries, not citizens, establishing domicile in a low tax jurisdiction could yield significant tax savings.
In amending section 954(b)(4), Congress clearly intended to impose a more objective and certain test that would tax income deliberately routed through a CFC in a low tax jurisdiction.
 
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