Definition of tax exile in English:

tax exile

Syllabification: tax ex·ile

noun

  • A person with a high income or considerable wealth who chooses to live in a country or area with low tax rates.
    More example sentences
    • O'Brien chose to live as a tax exile in Portugal following the sale of Esat to BT.
    • Yesterday, it emerged that the 37-year-old, who has homes in Edinburgh and Perthshire, could become literature's first billionaire within five years if she chose to live abroad as a tax exile.
    • Mr O'Brien, now a tax exile living in the Algarve, went on to sell the licence for 2.4bn, having bought it for 19m.

More definitions of tax exile

Definition of tax exile in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day kerf
Pronunciation: kəːf
noun
a slit made by cutting with a saw