international business company

international business company
international business company UK US noun [C] (ABBREVIATION IBC)
TAX a legal form of company that is allowed in some countries but that does not pay tax there. An international business company has offices in a country to manage its operations abroad, but is not allowed to do business in the country itself: »

An international business company is best established in a low-tax or no-tax jurisdiction.

Compare OFFSHORE COMPANY(Cf. ↑offshore company), TAX HAVEN(Cf. ↑tax haven)

Financial and business terms. 2012.

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