LanGeekLanGeek Dictionary

Tax haven

British pronunciation/tˈaks hˈeɪvən/
American pronunciation/tˈæks hˈeɪvən/
Tax haven
[NOUN]
1

a country with stable economy that offers foreigners zero or near zero tax rates

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Examples
1Tax havens, shell companies were all illegal up to 1980.
2- Tax havens are legal.
3Global North countries control the global tax havens.
4- American politicians and lawmakers have long criticized tax havens in smaller countries.
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