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English definition of “tax shelter”

tax shelter

noun [C]     TAX, FINANCE
a way of investing or spending money that allows a person or a company to avoid tax or to pay less tax than they would normally : Some high-earners managed to avoid income tax by moving their income into various tax shelters . The profession has moved into the aggressive selling of tax shelters .
tax-sheltered adjective
(Definition of tax shelter noun from the Cambridge Business English Dictionary © Cambridge University Press)
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