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. 2024
How to use tax haven in a sentence
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.The ‘Cowboy Cocktail’: How Wyoming became one of the world’s top tax havens | Debbie Cenziper, Will Fitzgibbon | December 20, 2021 | 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.The biggest win in the global minimum tax deal is a return to multilateralism | Ana Campoy | October 9, 2021 | 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.
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.
Tax lawyers were salivating at the prospect of using farms in international waters as tax havens.
And Andorra is a tax haven with bargain luxury goods shopping and great ski slopes.Up to a Point: Thanks to the Biggest Turkey, Uncle Sam | P. J. O’Rourke | November 27, 2014 | THE DAILY BEAST
Britain has chosen to make itself a tax haven for dirty money.
Panama, responding to concerns that it had become a tax haven, in 2010 agreed to share more tax information.
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 | Josh Dzieza | February 25, 2012 | THE DAILY BEAST
British Dictionary definitions for tax haven
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
Cultural definitions for tax haven
A place that levies very low taxes or none at all on foreigners.
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.