Meaning of the word "tax haven" in English
What does "tax haven" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
tax haven
US /ˈtæks ˌheɪ.vən/
UK /ˈtæks ˌheɪ.vən/
Noun
1.
a country or independent area where taxes are levied at a low rate.
Example:
•
Many wealthy individuals use a tax haven to minimize their financial obligations.
•
The company moved its headquarters to a tax haven.
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