4.4.1 - Definitions

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4 Terms

1

Profit leakage

When a business transfers the profits they make in the host nation back to the home nation

2

Balance of payments

The difference in a country’s imports and exports over a particular period of time. A good balance of payments would minimise import growth and maximise export growth to achieve a trade surplus

3

Tax haven

A country where taxes are levied at a low rate

4

Transfer pricing

The practise of shifting profits from the host nation to a tax haven to minimise the money spent on taxes