File:10_Percent_Legacy_and_Succession_Duty_Impressed_Duty_Stamp.svg · Wikimedia Commons · See Wikimedia Commons
tax haven
Sign in to saveAlso known as tax paradise, offshore financial centre
country or place with low taxes for foreign investors
A tax haven is a country or place where foreign investors pay very low taxes on their money and investments. This matters because it allows wealthy individuals and large companies to reduce the taxes they owe their home countries, which can mean less money available for public services like schools and roads.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
- Subclass of
- jurisdiction
- Image
- Where do U.S. multinationals book their profits (2016 BEA).png
- Has use
- money laundering
Show 2 more facts
- topic's main category
- Category:Offshore finance
- Commons category
- Tax haven
via Wikidata · CC0
~40 min read
Encyclopedic overview
Collection
Economic nexus in the United States
Excerpted from Wikipedia’s “tax haven” article, available under the CC BY-SA 4.0 licence.