This term is used to describe legal vehicles or institutions that operate in countries with no or low tax. This allows non-residents to take advantage of the tax laws through appropriate vehicles or institutions. e.g trusts and companies.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.