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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