tax shelter

noun

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 How to pronounce tax shelter (audio) \ 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. Davarian L. Baldwin, Time, 7 Apr. 2021 In that case, the allegedly abusive tax shelter would have saved Bristol Myers nearly $1 billion. 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. 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. Washington Post, 23 Oct. 2020 Al Sheid was an investment banker who used wine grapes as a tax shelter. 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. 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. 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. Khristopher J. Brooks, CBS News, 6 Dec. 2019

These 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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First Known Use of tax shelter

1952, in the meaning defined above

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Time Traveler for tax shelter

Time Traveler

The first known use of tax shelter was in 1952

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Statistics for tax shelter

Last Updated

18 Apr 2021

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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More Definitions for tax shelter

tax shelter

noun

English Language Learners Definition of tax shelter

: a way of investing money that reduces the amount of tax that has to be paid

tax shelter

noun

Legal Definition of tax shelter

: 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

More from Merriam-Webster on tax shelter

Britannica.com: Encyclopedia article about tax shelter

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