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tax haven

noun

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


tax haven

noun

  1. 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

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


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Notes

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

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