Definition of tax shelter
: a strategy, investment, or tax code provision that reduces tax liability
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Other Words from tax shelter
tax-sheltered
\
ˈtaks-ˌshel-tərd 
\
adjective
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adjective
Examples of tax shelter in a Sentence
Recent Examples on the Web
The greater value of campuses is their ability to use the nonprofit tax exemption as a tax shelter for profitable research and private investors.
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Davarian L. Baldwin, Time, 7 Apr. 2021
In that case, the allegedly abusive tax shelter would have saved Bristol Myers nearly $1 billion.
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New York Times, 1 Apr. 2021
While the man who invented their car may have left the city of angels for the tax shelter of Texas, for many maximalist, high-octane or just plain rich people, Los Angeles remains as attractive as ever.
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New York Times, 4 Feb. 2021
Generally, these efforts save $2 in taxes for every $1 paid in to the tax shelter, according to the Senate report.
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Washington Post, 23 Oct. 2020
Al Sheid was an investment banker who used wine grapes as a tax shelter.
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Matt Kettmann, SFChronicle.com, 10 Mar. 2018
In 1972, investment banker Al Scheid decided to get into wine grapes as a tax shelter for his wealth.
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Matt Kettmann, SFChronicle.com, 27 Feb. 2018
The pair specialized in buying and selling historic properties as tax shelters, but the business collapsed after disgruntled investors sued them over alleged fraud and securities violations.
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Michael Biesecker, Fortune, 31 Jan. 2020
That tax provision means a sports team purchase provides a great tax shelter, said Michael Breit, partner-in-charge of accounting firm EisnerAmper's sports and entertainment group.
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Khristopher J. Brooks, CBS News, 6 Dec. 2019
See MoreThese example sentences are selected automatically from various online news sources to reflect current usage of the word 'tax shelter.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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Last Updated
18 Apr 2021
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Cite this Entry
“Tax shelter.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20shelter. Accessed 13 Jun. 2021.
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Time Traveler for tax shelter
The first known use of tax shelter was in 1952
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