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In the 1980s, Nelson was hit with a staggering $16.7 million tax bill, thanks to his involvement in tax shelters.—Kelly Phillips Erb, Forbes.com, 12 Apr. 2025 And Mongolia has cancelled a number of its double-taxation treaties, including with the Netherlands, in hopes of getting more tax income from a major mine owned by Rio Tinto, which uses a Dutch subsidiary as a tax shelter.—Matt Mossman, Foreign Affairs, 16 Sep. 2014 Ryan Ulibarri owned and operated Ulibarri Family Dentistry from 2014 and in 2016 set up the tax shelter, which included a network of trusts and a private family foundation, the U.S. Department of Justice said in a news release.—Max Levy, The Denver Post, 1 Mar. 2025 Bronfman got his start in the film business in the 1980s while working in Toronto at Astral Bellevue Pathe, part of the Astral Media group, at the height of Canada’s tax shelter years.—Etan Vlessing, The Hollywood Reporter, 27 Feb. 2025 See All Example Sentences for tax shelter
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