tax shelter

noun

: a strategy, investment, or tax code provision that reduces tax liability

tax-sheltered

ˈtaks-ˌshel-tərd 

adjective

Examples of tax shelter in a Sentence

Recent Examples on the Web

He is also charged with falsifying tax returns; those of the tax shelter's clients and his own. —Logan Smith, CBS News, 28 Dec. 2025

Nelson sued his accounting firm, Price Waterhouse, for pushing bad tax shelters—the company settled—and released a double album to square the rest of the debt. —Alex Abramovich, New Yorker, 22 Dec. 2025

It was made possible with the support of the Flanders Audiovisual Fund (VAF) of the government of Flanders, Screen Flanders, the Netherlands Film Production Incentive, and the Belgian federal tax shelter for film financing. —Leo Barraclough, Variety, 27 Oct. 2025

The film is financed by the Flanders Audiovisual Fund (VAF), Kinepolis Film Distribution (KFD), Proximus, VRT, and the Belgian tax shelter (in cooperation with BNP Paribas Fortis Film Finance and Casa Kafka Pictures). —Zac Ntim, Deadline, 6 Oct. 2025

Word History

First Known Use

1952, in the meaning defined above

Rhymes for tax shelter

• belter
• melter
• skelter
• smelter
• spelter
• welter

Legal Definition

tax shelter

noun

: an entity (as a partnership) or investment plan or arrangement whose principal purpose is the avoidance or evasion of income tax

also : an interest offered or purchased on the premise that it will provide favorable tax consequences