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Tax Shelter

Tax Shelter - are any method of reducing taxable income resulting in a reduction of the payments to tax collecting entities.

Mon, 23 May 2011 19:44:34

Tax Shelters Defined: as 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.