Meaning of “international business company” in the English Dictionary

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"international business company" in Business English

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international business companynoun [ C ]

uk us abbreviation IBC

TAX a legal form of company that is allowed in some countries but that does not pay tax there. An international business company has offices in a country to manage its operations abroad, but is not allowed to do business in the country itself:

An international business company is best established in a low-tax or no-tax jurisdiction.

(Definition of “international business company” from the Cambridge Business English Dictionary © Cambridge University Press)