What is another word for tax haven?
Pronunciation: [tˈaks hˈe͡ɪvən] (IPA) 
A tax haven is a country or region with low or no taxes, designed to attract individuals and businesses seeking to save money on their tax bills. Other synonyms for tax haven include offshore financial center, tax shelter, fiscal paradise, and low-tax jurisdiction. These are all environments where individuals or companies can establish their financial operations, often with little transparency and minimal government regulation. Such havens have come under increasing scrutiny in recent years, with governments and international organizations calling for stricter regulation to prevent tax evasion and money laundering activities. Despite increased pressure, many tax havens continue to operate, offering tax-efficient schemes to those seeking to minimize their tax liabilities.
