Sentence:  The ability to shift profits to low-tax <WSD>countries</WSD> by locating intellectual property in them, which is then licensed to related businesses in high-tax <WSD>countries</WSD>, is often assumed to be the preserve of high-tech companies. 
Meaning of the word marked with <WSD> tags:  The territory of a nation, especially an independent nation state or formerly independent nation; a political entity asserting ultimate authority over a geographical area; a sovereign state. (from 14th c.)