Definition of tax haven in English:

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tax haven

noun

A country or independent area where taxes are levied at a low rate.
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.

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