tax haven investment & finance definition
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
See tax haven in Wall Street Words
A country or other political entity that offers outside businesses and individuals a climate of minimal or nonexistent taxation. In some cases, the low taxes apply not only to those levied by the tax haven itself but also to the possibility of reducing or avoiding taxes levied in the investor's home country.
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