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Taxes

Tax exile

A fiscal resident is a person, either natural or legal, who cuts ties with their current country of residence and moves to a different jurisdiction for tax purposes. This can be due to various reasons such as favorable tax rates or a more efficient tax system. It is a strategic decision often made by individuals or corporations looking to minimize their tax burden. It is a common practice in the finance world and can have a significant impact on one's financial standing.

Related terms

Dual residence

Understand the meaning and definition of Dual residence in the context of stock market, trading, and investments.

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Non-discrimination

Understand the meaning and definition of Non-discrimination in the context of stock market, trading, and investments.

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Consolidated tax return

Understand the meaning and definition of Consolidated tax return in the context of stock market, trading, and investments.

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Luxury taxes

Understand the meaning and definition of Luxury taxes in the context of stock market, trading, and investments.

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Double taxation treaty

Understand the meaning and definition of Double taxation treaty in the context of stock market, trading, and investments.

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Profits tax

Understand the meaning and definition of Profits tax in the context of stock market, trading, and investments.

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