tax haven


Also found in: Dictionary, Thesaurus, Financial, Wikipedia.
See: shelter
Mentioned in ?
References in periodicals archive ?
See Press Release, Senator Carl Levin, supra note 125 (noting the historical lack of cooperation from tax haven governments).
The European Finance Ministers had approved a blacklist of 17 tax havens all outside the EU, including Tunisia, on December 5, 2017 in Brussels.
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.
A week before the EU, Oxfam had published its own tax haven blacklist, applying, it said, the same criteria as Brussels.
On Tuesday, the EU published the list of 17 non-EU tax havens, including the UAE and Bahrain.
Jeremy did not call for the Queen to apologise but said anyone who puts money into a tax haven to avoid paying tax should, and that they should recognise the damage done by avoidance to society," the spokesman said.
Offshore tax havens in exotic locales have been the subject of Hollywood movies and best-selling novels.
For example, West Virginia considers a tax haven a jurisdiction that is identified by the OECD as a tax haven or that meets the MTC criteria; however, the state's tax haven laws do not apply to taxpayers that are not using the tax haven to shift profits away from U.
And obviously it is not against the law for a taxpayer to use a tax haven.
Reuter's has reported Brazil's tax authority added Ireland, Austria, Curacao and Saint Martin to its list of countries denominated as tax havens, the company said.
Canada is therefore becoming a tax haven because its economy is integrated with tax haven jurisdictions.
Tax havens also provide little or no financial information to foreign tax authorities.