tax haven
Word Rarity
Uncommon
Frequency: Zipf frequency 4.09 in modern English
21
Scrabble Score
8
Letters
1
Syllables
7
Unique Chars
Meaning
noun
A jurisdiction that levies low tax rates on certain economic activities, especially to attract wealthy individuals and foreign businesses.
Example Sentences
- "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."