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

De minimis

Understand the meaning and definition of De minimis in the context of stock market, trading, and investments.

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

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Expatriation rules

Understand the meaning and definition of Expatriation rules in the context of stock market, trading, and investments.

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Understand the meaning and definition of Auxiliary company in the context of stock market, trading, and investments.

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

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