The phrase "a tax shield" is correct and usable in written English.
It is typically used in financial and tax-related contexts to refer to a reduction in taxable income due to certain deductions or credits.
Example: "Investing in retirement accounts can provide a tax shield, allowing individuals to lower their taxable income."
Alternatives: "tax deduction" or "tax benefit".
But only when they borrow do they get the benefit of a "tax shield".
While we are retaining our existing forecasts pending deal closure, we see strong visibility to potential 2016 estimated return on invested capital of 10% plus and earnings per share accretion of over 16%, with secondary contributions from a tax shield and further debt refinancing.
Cash-hungry entrepreneurs love a tax shield.
A tax provision that allows operating losses to be used as a tax shield to reduce taxable income in prior and future years.
When Mr Sarkozy came to power in 2007, he introduced a "tax shield" that capped tax at 50% of all income.
Table 3 displays the denominator of (24) and highlights the number of years for which a tax shield needs to be discounted per cost of debt (r^{ k)}_D) and unlevered cost of capital (r_mathrm{u}), respectively.
A Roth tax shield is a valuable asset, one that appreciates and can be passed on to heirs.
In addition to hedging Bajaj Auto's power costs, this investment also provides sales tax incentives and an income tax shield" [40].
In addition to hedging Bajaj Auto's power costs, this investment also provides sales tax incentives and an income tax shield" [ 40].
We have also computed a non-debt tax shield variable (NDTS), which is the first difference in book depreciation14 divided by the sum of lagged book total debt plus lagged market equity value.
Because the value of the tax shield is a function of the corporate tax rate, the value of the tax shield goes up as corporate tax rates go up.
