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Definition of Tax shelter
1. Noun. A way of organizing business to reduce the taxes it must pay on current earnings.
Generic synonyms: Decrease, Diminution, Reduction, Step-down
Derivative terms: Shelter
Definition of Tax shelter
1. Noun. A legal structure that reduces tax liability for a person or that person's assets. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Tax Shelter
Literary usage of Tax shelter
Below you will find example usage of this term as found in modern and/or classical literature:
1. Corporate Tax Incentives for Foreign Direct Investment by W. Steven Clark (2001)
"... Tax-shelter, or Territorial tax system Insufficient FTC (taxable under
residence-based tax system I Excess FTC, Tax-shelter, or Territorial tax system ..."
2. General Explanation of Tax Legislation Enacted in 1998: Report of the Joint edited by William Roth, Bill Archer (2000)
"A tax shelter for this purpose is any partnership, entity, plan, or arrangement
a significant purpose of which is the avoidance or evasion of income tax. ..."
3. IRS Restructuring: Congressional Hearings edited by William V. Roth, Jr. (1999)
"Taxpayers were taking advantage of the IRS's difficulty in identifying tax shelter
returns and playing the audit lottery. Id. Also, when the IRS selected a ..."
4. Tax Policy & Administration: Improvements for More Effective Tax-Exempt Bond (1993)
"Because of these changes, instead of being penalized one time for creating an
abusive tax shelter, a shelter promoter would be penalized for each time an ..."
5. Personal Finance by Robert S. Rosefsky (2001)
"This can be attractive: the rental income can offset your own dwelling costs and
provide a tax shelter. (A discussion of the tax-shelter benefits is in ..."
6. Report to the Congress on Joint Liability and Innocent Spouse Issues edited by Donald C. Lubick (1998)
"On audit it is determined that the tax shelter was a sham transaction lacking in
economic substance and Ff s claimed loss of $100 is disallowed. ..."
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