0 a place where people pay less tax than they would pay if they lived in their own country
1 a place where people live or invest money so as to pay less tax than they would in other countries:
That applies only in the case of a tax haven.
This tax haven has no exchange control regulations so that money can move in and out of the country without awkward questions being asked.
During the past few years a major new tax haven has come into existence.
Governments react to situations, and when this situation arose they closed loopholes so the tax haven was no longer available.
Currently, those people are disadvantaged because of the tax haven system.
To be explicitly clear, a tax haven which has 12 agreements with other tax havens would certainly not pass the threshold.
You should recognise your company for what it is, a tax haven.
That book is written by the man who does not need a public lending right because he is a millionaire living in a tax haven.
