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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

Marginal rate of tax

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

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Corporation shopping

Understand the meaning and definition of Corporation shopping in the context of stock market, trading, and investments.

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Accounting basis

Understand the meaning and definition of Accounting basis in the context of stock market, trading, and investments.

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Negative income tax

Understand the meaning and definition of Negative income tax 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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Underlying tax

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

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