adj. 免税的
nontaxable /nɒnˈtæksəbəl/
形容词 not subject to tax 免税的
... 同义词： excuse, relieve, let off 形容词 exempt: 同义词： nontaxable ...
... let 让 off 表示状态的关闭或离开... nontaxable 不必纳税的 ...
As we will see, most of the complexities of hedge fund structures result from the need to benefit from regulatory exemptions and/or to cater to the needs of specific taxable or nontaxable investors.
我们将看到大多数对冲基金的结构复杂是源于需要少受监管和／或满足特殊税务或免税的投资者的需求。
So under Treasury regulations the redemption counted as a nontaxable intragroup dividend rather than a sale.
For more information, check out IRS Publication 525, Taxable and Nontaxable Income (downloads as a pdf).
FORBES: Taxes From A To Z (2013): M Is For Miscellaneous Income
Like other politicians who have set up similar funds, he's treating them as nontaxable gifts, not income.