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
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
The creation of the tax benefit was part of a decades-long effort by Puerto Rico — and the U.S. federal government — to refashion the island as an offshore tax haven.
—Jesse Drucker, New York Times, 28 May 2024
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, 10 May 2024
Photo : Getty Images Best Wreck Diving, Cayman Islands
Besides being known as a tax haven, the Cayman Islands boast an impressive array of shipwrecks waiting to be explored.
—Claire Volkman, Robb Report, 26 Mar. 2024
The reincarnated Gomba was incorporated in the offshore tax haven of Jersey, and its offices were on London’s Park Lane.
—Patrick Radden Keefe, The New Yorker, 5 Feb. 2024
Only a few posh towns, along with the perpetual tax haven of Monaco, now recall the region’s luxurious heyday.
—Jonathan Miles, Foreign Affairs, 12 Dec. 2023
The foreign subsidiary reaps huge profits that would normally show up on Microsoft’s profit ledger in the U.S. or U.K., but that instead show up in the tax haven and are thus taxed at a very low rate.
—Alana Semuels, TIME, 23 Oct. 2023
In a separate investigation, which is ongoing, Spanish state prosecutors have charged Shakira with evading 6.7 million euros (about $7.3 million) in tax on her 2018 income, via an offshore company in a tax haven.
—Jazz Monroe, Pitchfork, 20 Nov. 2023
Gabe Kaminsky, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 18 June 2024
The creation of the tax benefit was part of a decades-long effort by Puerto Rico — and the U.S. federal government — to refashion the island as an offshore tax haven.
—Jesse Drucker, New York Times, 28 May 2024
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, 10 May 2024
Photo : Getty Images Best Wreck Diving, Cayman Islands
Besides being known as a tax haven, the Cayman Islands boast an impressive array of shipwrecks waiting to be explored.
—Claire Volkman, Robb Report, 26 Mar. 2024
The reincarnated Gomba was incorporated in the offshore tax haven of Jersey, and its offices were on London’s Park Lane.
—Patrick Radden Keefe, The New Yorker, 5 Feb. 2024
Only a few posh towns, along with the perpetual tax haven of Monaco, now recall the region’s luxurious heyday.
—Jonathan Miles, Foreign Affairs, 12 Dec. 2023
The foreign subsidiary reaps huge profits that would normally show up on Microsoft’s profit ledger in the U.S. or U.K., but that instead show up in the tax haven and are thus taxed at a very low rate.
—Alana Semuels, TIME, 23 Oct. 2023
In a separate investigation, which is ongoing, Spanish state prosecutors have charged Shakira with evading 6.7 million euros (about $7.3 million) in tax on her 2018 income, via an offshore company in a tax haven.
—Jazz Monroe, Pitchfork, 20 Nov. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'tax haven.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Tax haven.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20haven. Accessed 4 Jul. 2024.
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