The meaning of TAX HAVEN is a place where people go to live and companies go to operate in order to avoid paying high taxes.
They accused her of using an offshore company based in a tax haven to avoid paying the tax. FromSeattle Times The effort to revive the coal probe comes amid wider regulatory scrutiny of Adani since Hindenburg Research in January accused the tycoon and his conglomerate of improper use of tax ...
First Known Use before the 12th century, in the meaning defined at sense 1 Time Traveler The first known use of haven was before the 12th century See more words from the same century Phrases Containing haven tax haven Rhymes for haven craven flavin graven maven pavan raven shaven...
Haven also appears in the phrasetax haven. This is a location that has very low taxation rates for outside investors. The idea is that atax havenprovides a shelter from taxation. Example:My bedroom is a haven of peace in the midst of the chaos of Christmas decoration prep. ...
A tax haven is either a nation, a dependency of a larger nation, or a designated zone within a country that has no taxes or extremely low taxes. Its banks are very secretive. Tax havens are popular places where tax avoiders or tax evaders place their money legally or illegally (respective...
From Longman Dictionary of Contemporary English sure1/ʃɔː$ʃʊr/●●●S1W1adjective 1certain you know something[not before noun]confidentthat you know something or that something istrueorcorrectSYNcertain‘That’s Sarah’s cousin.’‘Are you sure?’‘What time does the show start?
of the floor.Anna stoodwithherback tothe window.on somebody’s back(=carried on someone’s back)The girl appeared again, now with a little baby on her back.b)thebonesbetween your neck and the top of your legsSYNspineHe broke his back in a motorbike accident.2not at front[usually ...
United States tax law can make these offshore corporate havens very unattractive to individual citizens, because U.S. citizens are taxed by the U.S. government on their world-wide income. Of note is that tax deductions and credits are allowed to individual citizens in certain instances for inc...
According to the Internal Revenue Service (IRS), interest on a state or local government obligation may be tax free even if the obligation is not a bond.7For example, interest on a debt evidenced only by an ordinary written agreement of purchase and sale may be tax free. Also, interest ...
An offshore mutual fund is an investment vehicle-based in an offshore location outside the jurisdiction of the United States, often a tax haven.