shelter

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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.
References in periodicals archive ?
According to the Sira, Rifa'a was one of the worst unbelievers, one of the most important Jews, and a secret shelterer of the disaffected (Guillaume translation, p.
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.
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.