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Meaning of tax haven | Babel Free

Noun CEFR B2

Definitions

A jurisdiction that levies low tax rates on certain economic activities, especially to attract wealthy individuals and foreign businesses.

Equivalents

Examples

“Such colonies claim to be "more British than the British", except that they pay no UK tax and act as tax havens for funds from Britain. Gibraltar has made a particular specialism of internet gambling.”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

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