Dictionary

tax haven

a country that imposes favourable tax rates, thus attracting foreign companies and individuals The company was formed in the tax haven of Curacao in the Caribbean.

Other

  • offshore haven

Common Mistakes

  • Some people mistakenly call this a tax heaven. Although in some languages, these countries are called tax paradises, haven means refuge.

Phrase Bank

  • The government's position on overseas tax havens is a little hypocritical.
  • The government signed a deal with the tax haven of Liechtenstein.
  • Guernsey is a low-tax jurisdiction and not an offshore tax haven.
  • The president has targeted tax haven abuse in the Caymans.
  • Jersey owes its status as a tax haven to the days of William the Conqueror.
  • The Aran Islands have hopes of becoming Europe's newest tax haven.
  • Brown urges tax haven regulation.
  • The G20 summit increases pressure on tax havens to be more transparent.
  • to clamp down on tax havens
  • notorious tax havens