What is another word for Bermuda Plan?
Pronunciation: [bɜːmjˈuːdə plˈan] (IPA) 
The "Bermuda Plan" refers to a tax avoidance strategy used by corporations to reduce their tax liabilities. This plan involves incorporating a subsidiary in Bermuda, which has a low tax rate and minimal regulations, and transferring profits to this entity. However, due to increased scrutiny by tax authorities and the media, companies may opt for alternative, less controversial methods to minimize their tax liabilities. These synonyms may include "offshore tax planning," "tax optimization," "tax-efficient structuring," and "international tax planning." Companies may also explore other tax havens beyond Bermuda, such as the Cayman Islands, Jersey, or Guernsey.
