tax exile Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax exile” in the English Dictionary

"tax exile" in Business English

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tax exilenoun

uk   us   TAX
[C] a ​richperson 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 ​richpersonlives 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 ​successfulentrepreneurdeclared 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)
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“tax exile” in Business English

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