tax haven

noun

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

tax haven

tax haven

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

And Andorra is a tax haven with bargain luxury goods shopping and great ski slopes.

Britain has chosen to make itself a tax haven for dirty money.

Panama, responding to concerns that it had become a tax haven, in 2010 agreed to share more tax information.

Some 83 percent of top 100 publicly traded companies had tax-haven units in 2009, according to the GAO.

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