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tax haven

noun

Simple Definition of tax haven

  • : a place where people go to live and companies go to operate in order to avoid paying high taxes

Source: Merriam-Webster's Learner's Dictionary

Full Definition of tax haven

  1. :  a place where people go to live and companies go to operate in order to avoid paying high taxes

Word by Word Definitions

  1. :  to assess or determine judicially the amount of (costs in a court action)

    :  to levy a tax on

    :  to enter (a name) in a list

  1. :  a charge usually of money imposed by authority on persons or property for public purposes

    :  a sum levied on members of an organization to defray expenses

    :  a heavy demand

havenplay
  1. :  harbor, port

    :  a place of safety :  refuge

    :  a place offering favorable opportunities or conditions


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