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
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The world tends to ignore the Swiss model, perhaps owing to the country’s outdated reputation as a tax haven where illicit fortunes hide behind strict bank secrecy laws.
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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
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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
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“Tax haven.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20haven. Accessed 22 Dec. 2024.
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