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.
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shelter


shelter

To protect one's income from taxation. Some taxpayers shelter their income by investing in such activities as oil drilling ventures.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
Thuran, at the sound of that awful roar, had come to the opening of the shelter, and as he saw the tableau below him he hopped up and down, shrieking to them in Russian.
During the hour or two spent under the shelter of these bushes, I began to feel symptoms which I at once attributed to the exposure of the preceding night.
She also asked the quarter concerned for establishment of more shelters which would improve the condition of homeless women.
She further said that establishment of such shelters would improve the condition of homeless women.
Since November, five makeshift shelters were functioning around Lahore.
He says these shelters would help him survive here until he finds work.
Even though the five participating shelters were very different - some care for 600 dogs a year and others more than 6,000 - the cortisol levels for all the dogs decreased during a sleepover.
Emery said the park has renovated all of its shelters, and the Kiwanis Shelter is the last to be finished.
In November, the Punjab government, in line with directives of the prime minister set up temporary shelters for passengers and homeless people.
Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA) announced that RTA had started the construction of 48 air-conditioned shelters for public bus riders at several residential and newly developed areas in Dubai.
Summary: 600 new air conditioned shelters will be introduced across the emirate by 2020.