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

Dozens of small companies incorporated in Caribbean tax havens and operating in China, Hong Kong, and Southeast Asia have flooded onto the Nasdaq stock exchange over the past few years.

From Barron's

It is not unusual for businesses to legally avoid paying tax on their profits by making their investments from companies in tax havens.

From BBC

They also highlighted how tax havens like Panama and the British Virgin Islands were used by the rich and powerful to allegedly hide their wealth and avoid tax.

From BBC

The trial had initially been seen as a showcase for Francis’ reforms and his willingness to crack down on alleged financial misdeeds in the Vatican, which long had a reputation as an offshore tax haven.

From Seattle Times

They accused her of using an offshore company based in a tax haven to avoid paying the tax.

From Seattle Times