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.
A tiny traditional house stood beside a medicinal plant garden; an example of the simple rustic lifestyle before anyone had heard of a tax haven. Source: Internet
A more modern method is a credit card connected to a tax haven bank. Source: Internet
Avoiding tax or legal matters main A wealthy citizen who departs from a former abode for a lower tax jurisdiction (a " tax haven ") in order to reduce his/her tax burden is termed a tax exile. Source: Internet
That may sound a strange way to describe a very wealthy man who lives on an ocean-going yacht moored in the tax haven of Monaco. Source: Internet
SportPesa has connections with other companies incorporated in the UK and the Isle of Man, a tax haven favoured by sports betting firms. Source: Internet
An attempt post-Brexit UK to set up as a giant tax haven would arouse furious and united EU opposition. Source: Internet