Definition of tax haven in English:

tax haven

Syllabification: tax ha·ven

noun

A country or independent area where taxes are levied at a low rate.
More example sentences
  • The tiny principality of Liechtenstein has managed to transform itself from a poor farming country into a wealthy tax haven.
  • Stafford originated the idea of a financial tax haven for Dublin, though it was later regarded as the brainchild of Dermot Desmond.
  • As Bank of Ireland's operations in the Jersey tax haven come under close scrutiny by the Revenue Commissioners, exposure of its business practices should be a source of deep embarrassment to management.

Definition of tax haven in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day rebuff
Pronunciation: rəˈbəf
verb
reject (someone or something) in an abrupt manner…