tax haven

Definition

A country offering very favorable tax laws for foreign businesses and individuals.

Use tax haven in a sentence

I wanted to move to that country because it was a tax haven and things would work out a lot better there for us.

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California is a tax haven for filmmakers due to their lesser tax laws, which makes it the ideal place to continue film productions.

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After deregulating almost all of its banking system, this tiny island country in the South Pacific soon became the global elite's favorite tax haven.

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tax-free rollover tax identification number