a country or independent region where taxes are low
Bloomberg Financial Glossary
避税乐园|避税天堂避税乐园;避税天堂 A nation with a moderate level of taxation and/or liberal tax incentives for undertaking specific activities such as exporting or investing.
Investopedia Financial Terms
Tax Haven
A country that offers individuals and businesses little or no tax liability.
Investopedia Says:
There are several countries in the Caribbean that are considered tax havens.