tax shelter
- A financial strategy or investment, such as a partnership, primarily designed to reduce a person's taxable income
- The accountant advised the businessman to reinvest their profits into a tax shelter for reducing his taxable income.
- Investing in certain assets can act as a tax shelter, helping to minimize the amount of tax owed.
- The term 'tax shelter' refers to various methods that taxpayers can use to decrease their taxable incomes.
Provide Feedback
