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Meaning of 'Under a flag of convenience'

What does the saying 'Under a flag of convenience' mean?

Idiom: Under a flag of convenience

Meaning:

If a ship sails under a flag of convenience, it is registered in a country where taxes, etc, are lower than in the country it comes from, so if someone does something under a flag of convenience, they attempt to avoid regulations and taxes by a similar means.
Country: International English | Subject Area: General | Usage Type: Both or All Words Used
All idioms have been editorially reviewed. Submitted idioms may have been edited for correctness and completeness.
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