tax shelter
11
4.4
- noun
- /tæks ˈʃɛltər/
- US
:
refugio fiscal
- CRA warns on tax shelters: 'If it seems too good to be true, it probably is.'
- tax shelter promoters
- tax shelter transactions
A good leader figures out smart tax shelters.
- A good leader figures out smart tax shelters.
- The first was a tax on excess profits, which made the tax shelter offered by retirement plans more attractive to employers.
- However, if you actually dig further into how this works, it also applies to what the IRS calls tax shelters.
Examples
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The first was a tax on excess profits, which made the tax shelter offered by retirement plans more attractive to employers.
-
The IRS has been adding tax shelters to its listed transactions as it becomes aware of them.
Academic text (2002) -
And then he probably has some tax shelters that knock the rate down the rest of the way.
Blog text (11) -
A living trust can provide a tax shelter so your kids or spouse owe less upon your death.
Blog text (25) -
We want to close those tax shelters on higher-income people so we can lower tax rates for everybody.
Blog text (11) -
If Congress does act, it won't be the first time lawmakers have tried to shut down abusive tax shelters.
Academic text (2003) -
Meanwhile, the IRS didn't begin to catch up with the new tax shelter craze until the late 1990s.
Academic text (2003) -
Roth IRAs supply several investment advantages as tax shelters and strategies that lessen the pull on your earnings.
Blog text (31) -
The IRS stepped up its attacks on tax shelters—corporate ones in particular—more than two years ago.
Academic text (2002) -
Many investors seek to use a tax shelter to legally reduce their taxable income each year.
Synonyms
22
8.6
A way to reduce the tax someone must pay
How Risky
- Formal
32
5.3
- US
11
4.4
- Specialized
4
3.4
- Specialized
3
3.5
Surface Forms
Morphology
The meaning 'an arrangement to reduce or avoid paying taxes' is directly derivable from combining 'tax' (a government charge) with 'shelter' (a protection or refuge): a 'shelter' for taxes naturally suggests protection from or reduction of tax liability. This metaphorical use of 'shelter' as protection is common across languages, so an average B1 learner who knows both constituents will likely infer the MWE's meaning.
Etymology
The noun tax shelter comes from the image of a simple shelter. A shelter keeps you safe from rain, so a tax shelter is a plan or investment that 'protects' money from taxes, which is why it means 'to avoid paying taxes'.