tax haven

noun

: a place where people go to live and companies go to operate in order to avoid paying high taxes

Examples of tax haven in a Sentence

Recent Examples on the Web

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During the early 20th century, as posh clubs and facilities were created to cater to outsiders, the Bahamas gained a reputation as a tourist destination and international tax haven. —

Sasha C. Wells / Made By History, TIME, 26 Dec. 2024 The world tends to ignore the Swiss model, perhaps owing to the country’s outdated reputation as a tax haven where illicit fortunes hide behind strict bank secrecy laws. —

Ruchir Sharma, Foreign Affairs, 17 Sep. 2024 The charges were linked to taxes filed on her 2018 income, and she’d reportedly been accused of failing to pay about $7.2 million in taxes that year by using an offshore company located in a tax haven. —

Rachel Desantis, Peoplemag, 5 Sep. 2024 Fears of a global wealth tax, the IRS crackdown on wealthy taxpayers and a wave of foreign millionaires and billionaires using the U.S. as the latest offshore tax haven are also fueling demand. —

Robert Frank, CNBC, 13 Aug. 2024 See all Example Sentences for tax haven