tax haven Synonyms
No Synonyms and anytonyms found
tax haven Meaning
Wordnet
tax haven (n)
a country or independent region where taxes are low
tax haven Sentence Examples
- The Cayman Islands, a notorious tax haven, offers attractive financial incentives to international businesses.
- The government's crackdown on tax havens has led to increased scrutiny of offshore banking activities.
- Many multinational corporations use tax havens to reduce their overall tax burden.
- The Panama Papers leak exposed the vast network of tax havens used by global elites.
- The European Union has taken steps to blacklist tax havens, threatening sanctions against them.
- Switzerland has a long history as a tax haven, offering anonymity and low tax rates to wealthy individuals.
- Dubai's status as a tax haven has attracted a significant number of foreign investors.
- Critics argue that tax havens promote tax avoidance and undermine national tax systems.
- The G20 has pledged to take action against tax havens, but implementation has been slow.
- Some countries have adopted anti-tax haven measures, such as tightening reporting requirements for offshore accounts.
FAQs About the word tax haven
a country or independent region where taxes are low
No synonyms found.
No antonyms found.
The Cayman Islands, a notorious tax haven, offers attractive financial incentives to international businesses.
The government's crackdown on tax havens has led to increased scrutiny of offshore banking activities.
Many multinational corporations use tax havens to reduce their overall tax burden.
The Panama Papers leak exposed the vast network of tax havens used by global elites.
