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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The world tends to ignore the Swiss model, perhaps owing to the country’s outdated reputation as a tax haven where illicit fortunes hide behind strict bank secrecy laws.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 The campaign also pointed to reporting on Hovde self-financing his 2024 campaign and being invested in a hedge fund based in the Cayman Islands — a notorious tax haven. —

Gabe Kaminsky, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 18 June 2024 See all Example Sentences for tax haven