tax haven
English
Noun
tax haven (plural tax havens)
- A jurisdiction that levies low tax rates on certain economic activities, especially to attract wealthy individuals and (foreign) businesses.
- 2013, Simon Jenkins, Gibraltar and the Falklands deny the logic of history (in The Guardian, 14 August 2013)
- Such colonies claim to be "more British than the British", except that they pay no UK tax and act as tax havens for funds from Britain. Gibraltar has made a particular specialism of internet gambling.
- 2013, Simon Jenkins, Gibraltar and the Falklands deny the logic of history (in The Guardian, 14 August 2013)
Translations
country that levies low taxes on foreign businesses
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