tax haven

1. N-COUNT A tax haven is a country or place which has a low rate of tax so that people choose to live there or register companies there in order to avoid paying higher tax in their own countries. 避税地 (指税率较低的国家或地区)[商业]

The Caribbean has become an important location for international banking because it is a tax haven. 加勒比海地区因其为避税安乐窝已成了国际银行业重地。