# Tax Haven

*Taxes — Finicade finance glossary*

A tax haven is a jurisdiction offering very low or zero tax plus, historically, secrecy — attracting profits and assets with no real activity behind them. Multinationals use them legally through structures that route intellectual property and financing; individuals have used them illegally to hide income. Automatic exchange of information and the OECD's 15% global minimum tax have narrowed but not closed the space.

**Also known as:** offshore jurisdiction, secrecy jurisdiction

**Related terms:** [Transfer Pricing](https://finicade.com/glossary/transfer-pricing), [Corporate Tax Rate](https://finicade.com/glossary/corporate-tax-rate), [Tax Avoidance vs Tax Evasion](https://finicade.com/glossary/tax-avoidance-vs-tax-evasion), [Tax Treaty](https://finicade.com/glossary/tax-treaty), [Double Taxation](https://finicade.com/glossary/double-taxation)

Source: https://finicade.com/glossary/tax-haven