Flashcards: Tax avoidance

Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, such as money.

The Inter-American Center of Tax Administrations "CIAT" is an international organization specialized in training and exchanges of information between national tax administrations.

An offshore financial centre (OFC) is a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds.

There is no generally accepted definition of what a tax haven is, but activities that are commonly associated with such places range far beyond tax.

A shell corporation is a company which serves as a vehicle for business transactions without itself having any significant assets or operations.

Renunciation is the voluntary act of relinquishing one's citizenship or nationality.

The Panama Papers are 11.

The Tax Justice Network (TJN) is an advocacy group consisting of a coalition of researchers and activists with a shared concern about tax avoidance, tax competition, and tax havens.

The Republic of Panama is one of the oldest and best-known tax havens in the Caribbean, as well as one of the most established in the region.

Roger Ver (b. ~1979) is a Kittitian/Nevisian early investor in bitcoin related startups.

Luxembourg Freeport is a €50-million high security storage facility adjacent to Luxembourg Findel Airport.

Peter Leopold Clyne (1927 – 10 or 11 October 1987) was an Austrian/Australian lawyer, businessman, tax consultant and author.

Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law.

Clark Freeport Zone is a redevelopment of the former Clark Air Base, a former United States Air Force base in the Philippines.