A tax haven is a country or place which has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries.
tax haven in British English
noun
a country or state having a lower rate of taxation than elsewhere
tax haven in Finance
(tæks heɪvən)
Word forms: (regular plural) tax havens
noun
(Finance: Tax)
A tax haven is a country or place that has a low rate of tax so that people choose to live thereor register companies there in order to avoid paying higher tax in their own countries.
The Caribbean has become an important location for international banking becauseit is a tax haven.
A tax haven is a foreign country or corporation used to avoid or reduce income taxes, especiallyby investors from another country.
A tax haven is a country or place that has a low rate of tax so that people choose to live thereor register companies there in order to avoid paying higher tax in their own countries.
Examples of 'tax haven' in a sentence
tax haven
Publicly, we are against people using tax havens.
Times, Sunday Times (2013)
There's no politics and they wash the streets each morning, but is the tax haven a nice place to live?
Times, Sunday Times (2012)
In other languages
tax haven
British English: tax haven NOUN
A tax haven is a country or place which has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries.
The region has become an important location for international banking because it is a tax haven.