tax haven

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  • noun

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a country or independent region where taxes are low

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References in periodicals archive ?
The most frequently used tax havens from the perspective of both countries are the Netherlands, the United States of America (which is considered a tax haven under certain circumstances), Cyprus, Luxembourg, and the British Virgin Islands.
I will not hesitate to consider any country that refuses to fully cooperate with France as a tax haven," he said.
Equity inflows from some of these tax havens support the business sense of Indian banks that trading partners are not as lucrative a proposition for them as some of these tax-friendly states.
Shaxson reveals that one third of total global assets are held in tax havens and over half of world trade passes through them.
Since the financial crisis of 2008, politicians' attitudes toward tax havens have changed.
India, in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius, , Switzerland, Lichtenstein, British Virgin Islands etc.
The CBI Director said the probe by the investigating agency into the recent scandals have been pointing to transfer of large amounts of money to tax havens.
Shaxson says that the offshore industry represents "deep drains of development" and also argues that the world's largest corporations could never have grown so vast and powerful without tax havens.
Commentators have long viewed tax havens as a type of "necessary evil" that facilitate tax competition among nations, leading to increased mobility and efficiency in international capital markets.
Over the past year, Bisnode registered 4,796 Slovak companies seated in tax havens.
The Supreme Court had, in November last year, sent notices to the NAB and federal government seeking reports on action taken against Pakistanis named in the Panama Papers, after which NAB Chairman Justice (r) Javed Iqbal ordered an immediate inquiry into the companies held by 435 Pakistanis in tax havens abroad.
The EU's original blacklist of tax havens - which included South Korea, St.
HPR Speaker Mohamed Ennaceur, enstrusted Friday the Tunisian-European parliamentary joint commission in the HPR with negotiating with the European partner to remove Tunisia from the blacklist of tax havens.
The European Union's first-ever blacklist of 17 tax havens is seen as its efforts to crack down on international tax avoidance and evasion.
This was done in order to put pressure on the EU to not unduly shorten its list of tax havens for political reasons.