tax haven
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English
Etymology
Noun
tax haven (plural tax havens)
- (law, business, taxation) A jurisdiction that levies low tax rates on certain economic activities, especially to attract wealthy individuals and foreign businesses.
- 2013 August 14, Simon Jenkins, “Gibraltar and the Falklands deny the logic of history”, in The Guardian:
- 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.
Translations
country that levies low taxes on foreign businesses
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