tax haven
Frequency: 8.022.4 per million words
A country or territory where certain taxes are levied at a low rate or not at all.
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Examples (20)
- Switzerland has long been considered a tax haven for wealthy individuals.
- The island is a popular tax haven for the very rich.
- Many multinational corporations register in tax havens to reduce their liabilities.
- Many corporations seek out tax havens to minimize their financial obligations.
- The government is cracking down on offshore tax havens.
- Critics argue that tax havens contribute to global economic inequality.
- Bermuda operates as a popular tax haven for insurance companies.
- Setting up a company in a tax haven can significantly reduce a business's overhead.
- Critics argue that tax havens enable widespread tax evasion.
- Governments worldwide are trying to crack down on the use of illegal tax havens.
- The Cayman Islands is widely known as a tax haven.
- Some small nations have transformed their economies by becoming tax havens.
- International efforts aim to close loopholes exploited by tax havens.
- The documentary exposed how wealthy individuals exploit offshore tax havens.
- Some countries have transformed themselves into tax havens to attract foreign investment.
- International pressure is mounting to increase transparency in tax havens.
- Luxembourg has been accused of functioning as a corporate tax haven.
- He moved his assets to a tax haven to avoid paying high domestic taxes.
- The EU has published a blacklist of tax havens that don't cooperate with transparency regulations.
- The concept of a tax haven has existed for centuries in various forms.