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

tax haven

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

Notes

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

Example Sentences

The investigation revealed that six of Sheinbaum’s family members, including her mother, hid millions in offshore tax havens.

From Los Angeles Times

They also highlighted how tax havens like Panama and the British Virgin Islands were used by the rich and powerful to allegedly hide their wealth and avoid tax.

From BBC

The trial had initially been seen as a showcase for Francis’ reforms and his willingness to crack down on alleged financial misdeeds in the Vatican, which long had a reputation as an offshore tax haven.

From Seattle Times

They accused her of using an offshore company based in a tax haven to avoid paying the tax.

From Seattle Times

The effort to revive the coal probe comes amid wider regulatory scrutiny of Adani since Hindenburg Research in January accused the tycoon and his conglomerate of improper use of tax havens and stock manipulation.

From Reuters