(MULTI) – IATE Term of the Week: privileged tax regime | TermCoord


IATE defines privileged tax regime as “the tax system of any country which is substantially less burdensome than that of the country or countries with which it is being compared“. The Glossary of Tax Terms from the Organisation for Economic Co-operation and Development (OECD) goes beyond this definition and features the term privileged tax regime as an “[e]uphemism for the tax regime of a tax haven”. In any case, this term refers to a lower taxation regime applied to a specific area with the aim of stimulating business at a local or regional level.

The PANA Inquiry Committee, whose aim is to investigate alleged contraventions and maladministration in the application of Union law in relation to money laundering, tax avoidance and …


via: Terminology Coordination Unit [DGTRAD] – European Parliament

Advertisements

Leave a comment

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s