- tax exile
- tax exile ˈtax ˌexile noun TAX1. [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.