tax exile

tax exile
tax exile ˈtax ˌexile noun TAX
1. [countable] someone who lives abroad to avoid paying high taxes in their own country:

• He lived for a time as a tax exile in Marbella.

2. [uncountable] when someone lives as a tax exile:

• There were rumors that he was preparing to go into tax exile.

* * *

tax exile UK US 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.


Financial and business terms. 2012.

Look at other dictionaries:

  • tax exile — tax ,exile noun count someone who lives in another country to avoid paying tax in their own country …   Usage of the words and phrases in modern English

  • tax exile — tax .exile n someone who lives abroad in order to avoid paying high taxes in their own country …   Dictionary of contemporary English

  • tax exile — ► NOUN ▪ a person with a high taxable income who chooses to live in a country or area with low rates of taxation …   English terms dictionary

  • Tax exile — A tax exile is one who chooses to leave a country and instead to reside in a foreign nation or jurisdiction because personal taxes there are appreciably lower or even nil. Going into tax exile is a means of tax mitigation or avoidance. Legal… …   Wikipedia

  • tax exile — UK / US noun [countable] Word forms tax exile : singular tax exile plural tax exiles someone who lives in another country to avoid paying tax in their own country …   English dictionary

  • tax exile — a person who moves outside the jurisdiction of a country to avoid paying taxes. Also called tax expatriate. [1960 65] * * * noun, pl ⋯ iles [count] chiefly Brit : a person who has moved from one country to another country in order to avoid paying …   Useful english dictionary

  • tax exile — a person who moves outside the jurisdiction of a country to avoid paying taxes. Also called tax expatriate. [1960 65] * * * …   Universalium

  • tax exile — A person with a high income or considerable wealth who chooses to live in a tax haven to avoid high taxation in his or her own country …   Accounting dictionary

  • tax exile — A person with a high income or considerable wealth who chooses to live in a tax havens in order to avoid the high taxation of his or her native country …   Big dictionary of business and management

  • tax exile — noun a person who chooses to live in a place with low rates of taxation to avoid paying high taxes …   English new terms dictionary

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