international business company
noun[C]
ukus(abbreviationIBC)TAX
alegalformofcompanythat isallowedin somecountriesbut that does notpaytaxthere. Aninternationalbusinesscompanyhasofficesin acountrytomanageitsoperationsabroad, but is notallowedto dobusinessin thecountryitself:
Aninternationalbusinesscompanyisbestestablishedin a low-tax or no-taxjurisdiction.
Compare
offshore company
tax haven