tax haven


noun

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

Example sentences 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

Cultural definitions for tax haven

tax haven

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

notes for tax haven

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