tax haven

noun

1. a foreign country or corporation used to avoid or reduce income taxes, especially by investors from another country.

tax haven

noun

1. a country or state having a lower rate of taxation than elsewhere

tax haven

1. A place that levies very low taxes or none at all on foreigners.

Notes

Monaco and various small Caribbean island nations are famous as tax havens.

Example Sentences

In recent years, families from India to Italy to Venezuela have abandoned international financial centers for law firms in Wyoming’s ski resorts and mining towns, helping to turn the state into one of the world’s top tax havens.

From Washington Post

The deal’s minimum 15% corporate tax rate represents years of stop-and-start negotiations to deter multinationals from relocating to tax havens.

From Quartz

South Dakota has become the world's foremost tax haven — right up there with the Cayman Islands, and ahead of old-fashioned locations like Switzerland.

From Axios

The United States is the only major country not to sign on to the CRS, making it much more attractive as a tax haven than places like the Bahamas or Panama.

From Axios

Tax lawyers were salivating at the prospect of using farms in international waters as tax havens.

From Freakonomics

And Andorra is a tax haven with bargain luxury goods shopping and great ski slopes.

From The Daily Beast

Britain has chosen to make itself a tax haven for dirty money.

From The Daily Beast

Panama, responding to concerns that it had become a tax haven, in 2010 agreed to share more tax information.

From The Daily Beast

Some 83 percent of top 100 publicly traded companies had tax-haven units in 2009, according to the GAO.

From The Daily Beast