tax shelter

noun
any financial arrangement (as a certain kind of investment or allowance) that results in a reduction or elimination of taxes due.

tax-sheltered, adjective
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World English Dictionary
tax shelter
 
n
commerce a form into which business or financial activities may be organized to minimize taxation

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage
Cultural Dictionary

tax shelter definition


A type of investment that allows a reduction in one's taxable income. Examples include investments in pension plans and real estate.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Example sentences
Even a novice tax lawyer could easily make a tax shelter out of that.
The rest comes from investors, attracted by what amounts to a tax shelter.
They're now thriving as an offshore financial center and tax shelter.
May have used an offshore tax shelter of dubious legality.
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