Longman Dictionary of Contemporary English
Wiktionary
n. A legal structure that reduces tax liability for a person or that person's assets.
WordNet
n. a way of organizing business to reduce the taxes it must pay on current earnings [syn: shelter]
Wikipedia
Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.
In North America, a tax shelter is generally defined as any method that recovers more than $1 in tax for every $1 spent, within 4 years.
Usage examples of "tax shelter".
He financed a movie using a tax shelter plan and it was a bomb, a dead loss.
At least he had not let Bern talk him into setting up that real estate syndicate thing as a tax shelter to peddle to their more successful friends and acquaintances.
She pretended like the nonprofit was a tax shelter and she needed the break every April 15, but we all knew it was a lie.
The country lived off being an offshore tax shelter even more than it did from tourism and the .
A woman's voice answered and Remo told her he was an investor who wanted someone to propose a tax shelter for him.