HomeDefinitionsCompareDebt Tax shieldThe financial definition for Tax shield:The reduction in income taxes that results from taking an allowable deduction from taxable income. Similar MatchesDepreciation tax shieldDepreciation tax shieldThe value of the tax write-off on depreciation of plant and equipment. Interest tax shieldInterest tax shieldThe reduction in income taxes that results from the tax-deductibility of interest payments. Click to compare definitions of Tax shield Click to view definitions beginning ta |