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tax haven
(redirected from Low tax jurisdiction)

   Also found in: Legal, Financial, Wikipedia 0.01 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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Intense pressure remains on low tax jurisdictions to demonstrate they maintain suitable substance and technical skills to support their industries, yet the truth is that the G20 had no choice, in the face of top quality infrastructure, to confirm Guernsey's position on the so called 'white list'.
By depositing your money into an offshore bank account with low tax jurisdictions, you can realize substantial tax savings.
This can mean substantial tax savings for people who have moved their banking offshore to countries with low tax jurisdiction.
 
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