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Shelter
(redirected from shelterer)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Tax Shelter
An investment vehicle that reduces one's tax liability. For example, a 401(k) defers taxation until withdrawal from the account and may therefore be considered a tax shelter. Tax shelters are legal unless their sole purpose is to avoid taxes. See also: Tax evasion.

shelter

shelter
To protect one's income from taxation. Some taxpayers shelter their income by investing in such activities as oil drilling ventures.


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He added: "In the meantime tax exiles, tax shelterers, property tycoons and the wealthy are walking off scot-free from their obligations because they are the friends of this Government that simply doesn't have the courage to take them on.
Henry Moore's 1941 atmospheric drawing of a Sleeping Shelterer was inspired by seeing crowds of people taking refuge on the platforms of London's Underground because the traditional air raid shelters were insufficient.
40) One express rationale they offer for their choice is that, in their view, it better provides for an effective deterrent to would-be shelterers.
 
 
 
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