TAXSHELTER

Tax shelter

Tax shelters are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities, including state and federal governments. The methodology can vary depending on local and international tax laws.

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tax shelter

Noun

  1. A legal structure that reduces tax liability for a person or that person's assets.


The above text is a snippet from Wiktionary: tax shelter
and as such is available under the Creative Commons Attribution/Share-Alike License.

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