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tax haven
(redirected from Tax Haven Country)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
See: shelter


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owners, based on beneficial ownership (already required to be known under anti-money-laundering rules) any financial institution that establishes a trust, corporation, or bank account in a tax haven country would be required to report it to the IRS.
The main principle a tax haven country follows is granting a company tax-free status in exchange for restriction to trade on its territory.
If you are banking in an offshore tax haven country and the OECD efforts fail with a number of nations refusing to sign these treaties then you win.
 
 
 
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