- a foreign country or corporation used to avoid or reduce income taxes, especially by investors from another country.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for tax haven
Some 83 percent of top 100 publicly traded companies had tax-haven units in 2009, according to the GAO.8 Ridiculous Tax Loopholes: How Companies Are Avoiding the Tax Man
February 25, 2012
- a country or state having a lower rate of taxation than elsewhere
A place that levies very low taxes or none at all on foreigners.
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.