Definition of tax haven noun from the Oxford Advanced Learner's Dictionary


tax haven

BrE BrE//ˈtæks heɪvn//
; NAmE NAmE//ˈtæks heɪvn//
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a place where taxes are low and where people choose to live or officially register their companies because taxes are higher in their own countries See related entries: Economy
See the Oxford Advanced American Dictionary entry: tax haven