Tax Haven

Tax Haven - is a state or a country or territory where certain taxes are levied at a low rate or not at all while offering due process.

Tax Haven Defined: as a state or a country or territory where certain taxes are levied at a low rate or not at all while offering due process, good governance and a low corruption rate.Individuals and/or corporate entities can find it attractive to move themselves to areas with reduced or nil taxation levels. This creates a situation of tax competition among governments. Different jurisdictions tend to be havens for different types of taxes, and for different categories of people and/or companies.

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