Difference between revisions of "Tax haven"
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| − | A '''tax haven''' is a [[state]] or [[foreign]] [[government]], most often offshore, which allows an individual or [[corporation]] to "hide" money, in a technically legal fashion, from their nationality's tax system. | + | A '''tax haven''' is a [[state]] or [[foreign]] [[government]], most often offshore, which allows an individual or [[corporation]] to "hide" money, in a technically legal fashion, from their nationality's tax system and therefore avoid paying taxes on that money. |
[[category:economics]] | [[category:economics]] | ||
Revision as of 01:08, January 18, 2008
A tax haven is a state or foreign government, most often offshore, which allows an individual or corporation to "hide" money, in a technically legal fashion, from their nationality's tax system and therefore avoid paying taxes on that money.