Vocab Bloom Hub

tax haven

/ˈtæks ˌhævən/

1 entry

phrase

/ˈtæks ˌhævən/C1formallegal
  • ruСтрана или независимая территория, где налоги взимаются по очень низкой ставке или не взимаются вовсе, используемая частными лицами или корпорациями для законного снижения налогового бремени.

A country or independent area where taxes are levied at a very low rate or not at all, used by individuals or corporations to legally reduce their tax burden.

  1. Low-tax jurisdictionB2formal

    A country or territory where taxes are very low or nonexistent, often used by individuals or companies to reduce their tax burden.

    ruНалоговая гавань

    • Many multinational corporations set up subsidiaries in tax havens to minimize their tax payments.
    • Switzerland is often considered a classic tax haven for wealthy individuals.
    • The government is cracking down on the use of tax havens for illegal tax evasion.