Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “tax exile”

See all translations

tax exile

noun
 
 
TAX
[C] a rich person who lives in a particular country because taxes there are lower than in their own: Monaco has long been a popular haven for tax exiles.
[U] a situation where a rich person lives in a particular country because taxes there are lower than in their own: His appointment was only approved after he agreed to give up his tax exile and become resident in France.go into/live in tax exile The successful entrepreneur declared his commitment to paying millions of euros in tax rather than going into tax exile. He was named the richest man in Britain in the mid-90s despite his tax exile status.
(Definition of tax exile from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of tax exile?
Add Cambridge dictionaries to your browser to your website

Definitions of “tax exile” in other dictionaries

Word of the Day

justice

fairness in the way people are dealt with

Word of the Day

A certain je ne sais quoi: French words and phrases used in English

by Liz Walter,
January 21, 2015
It is an odd irony that the more sophisticated your use of English is, the more likely you are to use French words and phrases. Or, to be more accurate, ones you know to be French – words such as ballet, au pair, abattoir, fiancé, café, and restaurant are so entrenched in

Read More 

flower beard noun

January 19, 2015
a beard adorned with flowers And some of said beard-rockers are even turning it up a notch, painting trend on top of trend with what’s come to be known as ‘the flower beard.’

Read More