0 a financial arrangement by which investments can be made without paying tax --
1 a financial arrangement by which a person can avoid paying the government the usual percentage of money earned from investments or income --
2 a way of investing or spending money that allows a person or a company to avoid tax or to pay less tax than they would normally: --
I do not accept that in the absence of this amendment it would have been possible to use the special reserve fund as a tax shelter.
It has been used as a tax shelter and for tax avoidance whereas the original intent was to reward and facilitate enterprise.
We do not believe that the system should be operated in the interests of a tax shelter.
That is why we attach so much importance to stopping the special reserve fund from being used as a tax shelter.
Before the acceptance of our proposal today, a tax shelter was being created.
The primary purpose of the clause is to provide a tax shelter for a few, using the housing shortage as an excuse.
They have therefore tabled an amendment that closes that tax shelter loophole.
We have supported the removal of forestry from the tax shelter.