- tax shelter
tax shelter n: an entity (as a partnership) or investment plan or arrangement whose principal purpose is the avoidance or evasion of income tax; also: an interest offered or purchased on the premise that it will provide favorable tax consequencespurchased limited partnership tax shelters
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- tax shelter
n.A fund, transaction, business arrangement, or other method used by a taxpayer to reduce taxable income or tax liability.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- tax shelter
n. A transaction or investment by which a taxpayer shelters some or all income from tax liability because of tax credits or applicable deductions. Abuses of tax shelters resulted in extensive reform of the Internal Revenue Code, restricting loss from a business or an investment to only the capital that is at risk. This greatly reduced the availability of tax shelters.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
Look at other dictionaries:
Tax shelter — Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.In North… … Wikipedia
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tax shelter — tax .shelter n a plan or method that allows you to legally avoid paying tax … Dictionary of contemporary English
tax shelter — tax ,shelter noun count somewhere you can invest your money without having to pay tax on the profits … Usage of the words and phrases in modern English
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tax shelter — Legal methods taxpayers can use to reduce tax liabilities . An example is the use of depreciation of assets. Bloomberg Financial Dictionary * * * tax shelter ˈtax ˌshelter noun [countable] TAX ACCOUNTING a plan or arrangement that allows you to… … Financial and business terms
tax shelter — noun a way of organizing business to reduce the taxes it must pay on current earnings • Syn: ↑shelter • Derivationally related forms: ↑shelter (for: ↑shelter) • Hypernyms: ↑decrease, ↑ … Useful english dictionary
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Tax Shelter — A legal method of minimizing or decreasing an investor s taxable income and, therefore, his or her tax liability. Tax shelters can range from investments or investment accounts that provide favorable tax treatment, to activities or transactions… … Investment dictionary