tax haven

tax haven definition - finance
A country that imposes little or no income taxes. Because of this, businesses in high tax countries find that operating in a tax haven saves a significant amount of money. The Cayman Islands and Bermuda are two countries that are tax havens. Generally businesses operating in tax havens also enjoy a great deal of privacy.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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