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

See Examples For:

tax haven

During his heyday, he sold oil using the Malaysian island of Labuan, a tax haven where Iranian ships transferred oil to tankers leased by shell companies and sailing under other countries’ flags.

From The Wall Street Journal ● May 4, 2026

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 ● Feb. 10, 2026

It is not a tax haven for gringos, nor is it a “floating island of garbage”; it’s a gem that needs to be nurtured for generations to come.

From Los Angeles Times ● Feb. 9, 2026

It’s not the Cayman Islands or Switzerland—a pure tax haven or hub of utmost bank secrecy—but simply a reliable place to do business.

From Slate ● Feb. 5, 2025

The banking sector, with its "tax haven" status,   also contributes significantly to the economy.

From The 1993 CIA World Factbook by United States. Central Intelligence Agency