tax shelter

noun

: a strategy, investment, or tax code provision that reduces tax liability
tax-sheltered adjective

Examples of tax shelter in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Kugel is supported by Screen Flanders and the Belgian tax shelter, in collaboration with BNP Paribas Fortis Film Finance. Leo Barraclough, Variety, 18 Dec. 2024 Rarely are the participants in tax shelters, as opposed to the promoters, criminally prosecuted. Jay Adkisson, Forbes, 16 Dec. 2024 Plenty of celebrities have been dinged for tax evasion or use of illegitimate tax shelters, including major names like Lil Wayne, Willie Nelson and Dionne Warwick. Anna Kaufman, USA TODAY, 2 Dec. 2024 This is the same analysis that anybody who participates in a tax shelter goes through. Jay Adkisson, Forbes, 16 Oct. 2024 See all Example Sentences for tax shelter 

Word History

First Known Use

1952, in the meaning defined above

Time Traveler
The first known use of tax shelter was in 1952

Dictionary Entries Near tax shelter

Cite this Entry

“Tax shelter.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20shelter. Accessed 21 Dec. 2024.

Legal Definition

tax shelter

noun
: an entity (as a partnership) or investment plan or arrangement whose principal purpose is the avoidance or evasion of income tax
also : an interest offered or purchased on the premise that it will provide favorable tax consequences

More from Merriam-Webster on tax shelter

Last Updated: - Updated example sentences
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