tax shelter

American  

noun

1. any financial arrangement (as a certain kind of investment or allowance) that results in a reduction or elimination of taxes due.

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tax shelter British  

noun

1. commerce a form into which business or financial activities may be organized to minimize taxation

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tax shelter Cultural  

1. A type of investment that allows a reduction in one's taxable income. Examples include investments in pension plans and real estate.

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Other Word Forms

• tax-sheltered adjective

Example Sentences

After 1999, Ireland’s 12.5% corporate tax rate and English-speaking workforce made it a tax shelter for foreign companies—many of them American—similar to the Cayman Islands.

From The Wall Street Journal

Some are emotionally invested, others view them largely as tax shelters.

From Los Angeles Times

Among Hindenburg’s central accusations is that the conglomerate inflated its companies’ share prices through a maze of offshore tax shelters.

From New York Times

Background: Hindenburg Research, a U.S.-based short seller, has accused the group of running “a brazen stock manipulation and accounting fraud scheme” in part through offshore tax shelters.

From New York Times

He noted that the current system had created opportunities for tax shelters and allowed companies to take losses for tax purposes that do not show up on their financial statements.

From New York Times