TAXEVASION

Tax evasion

Tax evasion is the illegal evasion of taxes by individuals, corporations and trusts. Tax evasion often entails taxpayers deliberately misrepresenting the true state of their affairs to the tax authorities to reduce their tax liability and includes dishonest tax reporting, such as declaring less income, profits or gains than the amounts actually earned, or overstating deductions.

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tax evasion

Noun

  1. The illegal avoidance of paying tax, especially by making a false declaration of income etc.


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

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