tax sheltering
Legal wealth protection
Tax sheltering is the practice of using legal strategies to reduce taxable income or defer tax payments.
Common methods include investing in retirement accounts, real estate depreciation, or offshore holdings: The wealthy have access to tax sheltering options unavailable to ordinary workers.
The term carries a whiff of suspicion—while technically legal, aggressive tax sheltering often exploits loopholes in ways that feel ethically dubious.
- offshoreAway from land
- offshore accountMoney held abroad
- tax havenZero-rate wealth jurisdiction
- havenShelter from danger
- Swiss bankDiscreet Alpine financial institution
loophole · deduction · write-off · Cayman · Swiss · trusts · blind trust · evasion · avoidance · Panama · Panama Papers · IRA · 401k · depreciation · LLC · incorporation · accountant · audit
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