tax haven

American

noun

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

tax haven British

noun

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

tax haven Cultural

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

These lifestyle tax havens do not replace the great hubs.

From The Wall Street Journal

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

The U.S. winners range from small cities such as Cape Coral, Fla., to major metropolises like San Francisco; many are tax havens.

From MarketWatch

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023