Focus on the pronunciation of tax shelter
English definition of “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 › Make full use of any tax-sheltered retirement accounts offered by your company.