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Meaning of “international business company” in the English Dictionary

"international business company" in Business English

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international business companynoun [C]

uk   us   ( abbreviation IBC)
TAX a ​legalform of ​company that is ​allowed in some countries but that does not ​paytax there. An ​internationalbusinesscompany has ​offices in a country to ​manage its ​operations abroad, but is not ​allowed to do ​business in the country itself: An ​internationalbusinesscompany 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)
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