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Related to tax shelter: tax shelter investments
A financial arrangement, such as the use of special depletion allowances, that reduces taxes on current earnings.
tax′-shel′tered (-shĕl′tərd) adj.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Accounting & Book-keeping) commerce a form into which business or financial activities may be organized to minimize taxation
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
any financial arrangement, as an investment that reduces or eliminates the taxes due.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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|Noun||1.||tax shelter - a way of organizing business to reduce the taxes it must pay on current earnings|
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