Definition of tax exile in English:

tax exile

noun

  • 1A person with a high income or considerable wealth who chooses to live in a country or area with low rates of tax.

    ‘he lived for a time as a tax exile in Jersey’
    • ‘In the mid-1990s the Barclays were said to be living in tax exile in Monaco, with an address care of Avenue de Grande Bretagne, Monte Carlo.’
    • ‘Connery has come under harsh criticism in recent years for becoming a tax exile, living in Spain and the US rather than his native land.’
    • ‘Smurfit, who is from Dublin, lives as a tax exile in Monte Carlo in the principality of Monaco where he is Ireland's honorary consul.’
    • ‘He has since moved to Portugal to become a tax exile.’
    • ‘Moreover, the main beneficiary of that company - Magnier - is a tax exile in Geneva.’
    • ‘The multimillionaire tax exile's statement to the inquiry was characterised by the bluster and showmanship for which he is renowned.’
    • ‘O'Brien chose to live as a tax exile in Portugal following the sale of Esat to BT.’
    • ‘In the last six years he had spent most of his time living as a tax exile aboard his yacht Tosca III, dividing his time between the Caribbean and the Mediterranean.’
    • ‘Yesterday, it emerged that the 37-year-old, who has homes in Edinburgh and Perthshire, could become literature's first billionaire within five years if she chose to live abroad as a tax exile.’
    • ‘These are the same groups that would benefit hugely from the millions of euro not paid by tax exiles to the Revenue each year.’
    • ‘He has been a tax exile for years, recently declaring that he would only return to live in Scotland if it became independent.’
    • ‘He said a different type of person was becoming a tax exile there.’
    • ‘Since then, O'Brien has spent €25 million on a Gulfstream jet and moved to the Algarve in Portugal as a tax exile.’
    • ‘To become a tax exile you must prove you don't spend 183 days or more in the Republic in any one year or that you don't spend 280 days over a two-year period.’
    • ‘Mr O'Brien, now a tax exile living in the Algarve, went on to sell the licence for 2.4bn, having bought it for 19m.’
    • ‘A tax exile living in Portugal, the multi-millionaire claims to have nearly gone bust on several occasions during his extraordinary rise to the top.’
    • ‘This is convenient for McManus, as he is a tax exile in Switzerland and spends most of his time at a home in Geneva.’
    • ‘Amusement arcade owner Jim Kennedy, who has refused to give evidence concerning allegations of planning corruption at the Mahon Tribunal, lives as a tax exile on the Isle of Man.’
    • ‘McCulloch, a tax exile who lives in Monaco, started working on two new hotel concepts after selling the Malmaison chain in 1999.’
    • ‘As a tax exile in Monaco, it is only a matter of time before Tony Ryan sells all his shares.’
    1. 1.1[mass noun]The state of living in a particular country in order to pay a low rate of tax.
      ‘the singer was living in tax exile’
      ‘he left France in 2012 to seek tax exile in Belgium’

Pronunciation:

tax exile

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