tax haven

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noun

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

Nearby words

  1. tax deed,
  2. tax disc,
  3. tax evasion,
  4. tax exile,
  5. tax expenditure,
  6. tax holiday,
  7. tax loophole,
  8. tax loss,
  9. tax rate,
  10. tax relief

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for tax haven



British Dictionary definitions for tax haven

tax haven

noun

a country or state having a lower rate of taxation than elsewhere
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Culture definitions for tax haven

tax haven

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

Note

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

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.