tax haven

American  

noun

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

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tax haven British  

noun

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

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tax haven Cultural  

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

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

Example Sentences

The term describes businesses that have their main operations and management based in China but are incorporated in another country, typically an offshore tax haven like the Caymans.

From The Wall Street Journal

Money from oil sales had been channelled into investments in luxury British real estate, hotels in Europe and property in Dubai through shell companies in tax havens, according to the investigation.

From Barron's

These lifestyle tax havens do not replace the great hubs.

From The Wall Street Journal

It is located on the Mediterranean coast, bordered on three sides by France, and is known for its casinos -- and as a tax haven boasting some of the world's most expensive real estate.

From Barron's

The U.S. winners range from small cities such as Cape Coral, Fla., to major metropolises like San Francisco; many are tax havens.

From MarketWatch