tax haven
Definitions
Accounting
- noun a country or area where taxes are low, encouraging companies to set up their main offices there
Economics
- noun a country where taxes are low, encouraging companies to set up their main offices there. Countries such as the Bahamas are tax havens.
Law
- noun a country where taxes levied on foreigners or foreign companies are low
Travel
- noun a place where taxes are low, encouraging companies to set up their main offices there
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