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shelter
(redirected from tax shelter)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

A general term used in statutes that relates to the provision of food, clothing, and housing for specified individuals; a home with a proper environment that affords protection from the weather.


shelter (Protection), noun aid, asylum, care, cover, covering, coverture, defense, habitation, harbor, haven, home, house, lodging, place of refuge, preservation, refuge, retreat, roof, safety, sanctuary, screen, security, shield, stronghold, support
shelter (Tax benefit), noun advantage, gain, hedge, refuge, security, tax haven, tax sanctuary
Associated concepts: tax shelter
See also: asylum, building, bulwark, cache, cloak, cover, dwelling, ensconce, enshroud, guard, harbor, haven, hedge, hide, house, immure, keep, lodging, maintain, panoply, preserve, protect, protection, receive, refuge, safekeeping, safety, screen, security, shield, shroud, structure, sustain, veil


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The Tax Court held that the tax shelter exception to the tax practitioner/client privilege did not apply to documents in the form of the minutes of meetings between a partnership and a federally authorized tax practitioner because the tax advice in the documents was not given in connection with the promotion of a tax shelter.
In so holding, the court adopted a more expansive view of what constitutes "promotion" of a tax shelter than the one that figured in the U.
The CRA Charities Directorate says, "it appears that the preponderance of the Charity's funds are directed primarily to the benefit of the tax shelter promoters and to the promotion of the tax shelter arrangement while a scant percentage reverts back to the Charity.
 
 
 
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