A geographical location in which taxation is substantially lower than that in a home country is known as a

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A geographical location in which taxation is substantially lower than that in a home country is known as a tax haven. This term is commonly used in the context of offshore banking and corporate tax planning, as companies often establish subsidiaries in tax havens to reduce their tax liability. The use of tax havens is a controversial practice, as some view it as a form of tax evasion or avoidance.

A Geographical Location in Which Taxation Is Substantially Lower Than