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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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