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Definition 2024


tax_haven

tax haven

English

Noun

tax haven (plural tax havens)

  1. A country or province that levies low taxes on foreign businesses.
    • 2013, Simon Jenkins, Gibraltar and the Falklands deny the logic of history (in The Guardian, 14 August 2013)
      Such colonies claim to be "more British than the British", except that they pay no UK tax and act as tax havens for funds from Britain. Gibraltar has made a particular specialism of internet gambling.

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