tax haven

noun
a foreign country or corporation used to avoid or reduce income taxes, especially by investors from another country.
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Collins
World English Dictionary
tax haven
 
n
a country or state having a lower rate of taxation than elsewhere

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

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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Example sentences
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.
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