noun
Meaning 1
Income that is generated in the United States by a corporation but that is not taxed by the destination US state (the state in which a buyer, for example, is based), due to the state not having the jurisdiction to tax the corporation.
Definition source: English Wiktionary via Wiktextract
Usage: US, uncountable
Topics: accounting, business, finance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided