TAXAVOIDANCE

Tax avoidance

Tax avoidance is the legal usage of the tax regime to one's own advantage, to reduce the amount of tax that is payable by means that are within the law. Tax sheltering is very similar, and tax havens are jurisdictions which facilitate reduced taxes. The term tax mitigation is sometimes used; its original use was by tax advisers as an alternative to the pejorative term tax evasion. "Tax aggressive" strategies fall into the grey area between commonplace and well-accepted tax avoidance and evasion. However, the uses of these terms varies.

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tax avoidance

Noun

  1. The legal exploitation of tax rules to minimize tax payments.


The above text is a snippet from Wiktionary: tax avoidance
and as such is available under the Creative Commons Attribution/Share-Alike License.

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