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tax haven |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.03 sec. |
tax havenCountry or state where taxes are much lower than elsewhere. Tax havens are often used by companies from different countries that register in the tax haven in order to avoid paying tax. Any business transacted is treated as completely confidential. Tax havens include the Channel Islands, Switzerland, Bermuda, the Bahamas, and Liberia. |
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