Jurisdiction

Full definition of jurisdiction

Noun

1. The power, right, or authority to interpret and apply the law.
2. The power or right to exercise authority.
3. The authority of a sovereign power to govern or legislate.
4. The limits or territory within which authority may be exercised.
• 2013-06-22, T time, The ability to shift profits to low-tax countries by locating intellectual property in them...is often assumed to be the preserve of high-tech companies....current tax rules make it easy for all sorts of firms to generate...“stateless income”: profit subject to tax in a jurisdiction that is neither the location of the factors of production that generate the income nor where the parent firm is domiciled.

Synonyms

• power