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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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for tax haven
  • tax haven status has attracted the affluent, inflating real estate.
  • It wants to avoid a reputation as a tax haven or somewhere dodgy to park questionable funds.
  • Also, registering it in what is considered a tax haven country does not inspire confidence.
  • Credit cards provide easy access to offshore funds and accounts in tax haven countries that allow income to be hidden.
  • Prevent creditors and lawyers from placing liens or seizing bank records and accounts in tax haven jurisdictions.
  • For example, it is much more difficult for shareholders to file suits to enforce their rights in tax haven countries.
British Dictionary definitions for tax haven

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
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tax haven in Culture

tax haven definition


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

Note: Monaco and various small Caribbean island nations are famous as tax havens.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Value for tax

10
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