tax shelter

noun

Meaning

A financial arrangement, investment, or strategy designed to reduce or defer an individual's or corporation's taxable income.

Examples

Many corporations utilize a tax shelter to lower their overall fiscal burden.
Critics argue that the current tax shelter loopholes primarily benefit the ultra-wealthy.

Synonyms: deduction, tax break, tax haven, tax avoidance

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tax shelter

noun

Pronunciation: /tæks ˈʃɛltər/

Definition

A financial arrangement, investment, or strategy designed to reduce or defer an individual's or corporation's taxable income.

Examples

Many corporations utilize a tax shelter to lower their overall fiscal burden.
Critics argue that the current tax shelter loopholes primarily benefit the ultra-wealthy.

Synonyms of tax shelter

Words with a similar meaning to tax shelter:

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