tax exile Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “tax exile” - English Dictionary

"tax exile" in Business English

See all translations

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)
What is the pronunciation of tax exile?
Add Cambridge dictionaries to your browser to your website

“tax exile” in Business English

Word of the Day

parade

a large number of people walking or in vehicles, all going in the same direction, usually as part of a public celebration of something

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More