tax haven
B1CEFR level
40/100Rarity: uncommon
TechnicalRegister
A jurisdiction offering very low or nil taxation and often secrecy, used to reduce a group's overall tax burden.
The intangibles were parked in a tax haven to shelter the licensing income from tax.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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