income shifting

income-shifting. The practice of transferring income to a taxpayer in a lower tax bracket, such as a child, to reduce tax liability. • Often this is accomplished by forming a Clifford trust. See Clifford trust under TRUST; kiddie tax under TAX.

---

词条贡献者

法律翻译Frank，毕业于英国一流的高级翻译学院，专注翻译各类与娱乐、体育及媒体有关的法律文件。