Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

tax haven

Read a random definition: member of Congress

A quick definition of tax haven:

A tax haven is a place, usually a country, where people or businesses can keep their money and pay very little or no taxes on it. This means they can save a lot of money on taxes. Tax havens are not always easy to spot because it's not just about having low taxes. It's also about having special rules that allow people to move their money to a low-tax place even if they don't have any connection to that place.

A more thorough explanation:

A tax haven is a place, usually a country, that has very low or no taxes on the profits made from business transactions or by people who live there.

For example, a company might set up a subsidiary in a tax haven country to avoid paying high taxes in their home country. This allows them to keep more of their profits. Another example is a wealthy individual who moves to a tax haven country to avoid paying high taxes on their income and assets.

What makes a place a tax haven is not just the low tax rate, but also the way it interacts with other tax systems. This allows people and companies to move their money to a low-tax environment, even if they have little connection to that place.

Overall, tax havens can be seen as a way for people and companies to legally avoid paying high taxes in their home country, which can have a significant impact on the global economy.

tax-free exchange | tax home

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.