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.In North America, a tax shelter is generally defined as any method that recovers more than $1 in tax for every $1 spent, within 4 years.
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tax shelter
Noun
1. a way of organizing business to reduce the taxes it must pay on current earnings
(synonym) shelter
(hypernym) decrease, diminution, reduction, step-down
Tax shelter
Legal methods used by taxpayers to reduce tax liabilities, for example, by the use of
depreciation of
assets.
Tax Shelter
any technique which allows one to legally reduce or avoid tax liabilities.
TAX SHELTER
SISTEMA STATUNITENSE CHE CONSENTE AI PRIVATI DI INVESTIRE IN PRODUZIONI CINEMATOGRAFICHE SOMME ALTRIMENTI DOVUTE AL FISCO [CINEMA]