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What (who) is tax avoidance - definition
tax avoidance
Tax avoidance is the use of legal methods to pay the smallest possible amount of tax.
N-UNCOUNT
tax avoidance
¦ noun the arrangement of one's financial affairs to minimize tax liability within the law. Compare with tax evasion.
Tax avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes.
Wikipedia
Tax avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes.
Examples of use of tax avoidance
1. Tax avoidance Clampdown Tax avoidance schemes and accounting of non–commercial capital losses targted.
2. Hypocrisy of anti–tax avoidance Where do the boundaries lie between legitimate tax planning, tax avoidance and outright tax evasion?
3. Good grief, does "New" mean aspirational tax avoidance?
4. These aren‘t plutocrats who can afford expensive tax avoidance schemes.
5. It also criticised the government‘s effort to present tax avoidance as a moral issue.