Global Business Practices

verb to make something specific to a particular place or group

• The company decided to localize their product to better cater to the needs of the specific region.
• They're planning to localize the app so it works better for people in this area.
• We need to localize this menu for the locals, they won't understand all these fancy terms.
• She tried to localize her presentation by using examples that were more relatable to the audience.

noun a corporate strategy where a company relocates its headquarters to a lower-tax country in order to reduce its tax liability

• Tax inversion is a strategy used by multinational corporations to reduce their tax burden by relocating their headquarters to a country with lower tax rates.
• Tax inversion is like when a company moves its headquarters to a different country to pay less taxes.
• Tax inversion is when big companies play the tax system to pay less money to the government.
• Tax inversion is like a game of musical chairs where companies try to find the best seat to avoid paying high taxes.