Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “tax exile”

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

Translations of “tax exile”

Word of the Day

mutant

an organism that is different from others of its type because of a permanent change in its genes

Word of the Day

What’s that lovely smell?

by Kate Woodford,
October 29, 2014
As adult humans, we can distinguish about 10,000 different smells. It’s no wonder, then, that we have so many words and expressions to describe them. This week we’re taking a look at those smell words – words that describe good smells and words that describe bad smells. Most smell words are either

Read More 

high-frequency trading noun

October 27, 2014
a type of stock market trading that uses very complex technology to trade extremely quickly, often making tiny profits which nevertheless add up to substantial sums Lewis’s book, Flash Boys, is driving a huge amount of attention toward the topic of high frequency trading, and it has rekindled some of

Read More