Definition of “tax shelter” - English Dictionary

“tax shelter” in American English

See all translations

tax shelternoun [ C ]

us /ˈtæks ˌʃel·tər/

a financial arrangement by which a person can avoid paying the government the usual percentage of money earned from investments or income

(Definition of “tax shelter” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“tax shelter” in Business English

See all translations

tax shelternoun [ C ]

uk us 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.
tax-sheltered
adjective

Make full use of any tax-sheltered retirement accounts offered by your company.

(Definition of “tax shelter” from the Cambridge Business English Dictionary © Cambridge University Press)

Need a translator?

Translator tool

Get a quick, free translation!