Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
tax shelter
n. A financial operation or investment strategy (such as a partnership or realestate investment trust) that is created primarily for the purpose of reducing or deferring income-tax payments. ( The Tax Reform Act of 1986 - by restricting the deductibility of passive losses - sharply limited the effectiveness of tax shelters. - Often shortened to shelter. -tax-sheltered, adj.