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 ?
'Schools having fewer than 40 students cannot be termed schools; those schools may be scrapped from the list of shelterless schools.'
The education minister said that the major problems about drop of school children included dearth of post primary schools in transition; missing facilities in 9839 schools, 17701 single school teachers and 4910 shelterless schools.
The initiative taken by the PM should be capitalised on under a comprehensive strategy one that involves determining, under a survey, the number of shelterless people across the country; the parts of the country in most need of such shelters; the various needs of the shelterless class; and the money required to run such shelters, among other aspects.
The projects include establishment of Early Childhood Education Intervention at Hyderabad and Karachi, construction of schools in Tharparkar and construction of shelterless schools in different districts including Jhudo-Mirpurkhas, Hyderabad (rural area), Tando Allahayar, Tando Mohammad Khan, Thatta, Sujawal, Mirpurkhas, Umer Kot, Jacobabad, Kashmore and Karachi.
'In a short span of time 95,000 precious lives of innocent Kashmiris have been taken, while 0.1 million citizens have become shelterless,' Siraj ul Haq said while addressing a press conference in Islamabad.
FAISALABAD -- Deputy Commissioner (DC) Sardar Saifullah Dogar here on Thursday said the welfare and education of shelterless children was top priority of the government.
Whilst the government has taken some difficult decisions such as increasing the power and gas tariffs which in fact were imperative to reduce the losses of both the sectors, the overall posture of government has so far been pro-poor and we say so given the initiatives taken by PM Imran Khan for the homeless and shelterless people.
These schemes include the establishment of Early Childhood Education Intervention in Hyderabad and Karachi, construction of schools in Tharparkar and construction of shelterless schools in different districts such as Jhudo, Mirpurkhas, Hyderabad's rural areas, Tando Allahayar, Tando Mohammad Khan, Thatta, Sujawal, Mirpurkhas, Umerkot, Jacobabad, Kashmore and Karachi.
Basically deal with the problems of the shelterless,' he said.
Its is the second shelters homes project after Punjab where this facilities have been provided to the shelterless with best accommodations facilities.
He also welcomed Prime Minister Imran Khan's initiative to build five million houses for the shelterless families.
According to a report in this paper that in Tharparkar, there are 4188 schools, of which 144 schools are shelterless, while the ratio of girl schools in the region are also a minute 6.99 percent.