Following the Tax Cuts and Jobs Act of 2017, it is no longer possible to use a corporation as a tax shelter.

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While the Tax Cuts and Jobs Act of 2017 made significant changes to the corporate tax system, including reducing the corporate tax rate, it is still possible to use a corporation as a tax shelter through various strategies such as income shifting, deducting excess executive compensation, and utilizing tax havens. However, the Act did introduce limitations on certain deductions and exemptions that corporations may have previously used to reduce their tax liability.

Following the Tax Cuts and Jobs Act of 2017, It