What does tax avoidance mean?
Definitions for tax avoidance
tax avoid·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax avoidance.
Princeton's WordNet
tax avoidancenoun
the minimization of tax liability by lawful methods
Wiktionary
tax avoidancenoun
The legal exploitation of tax rules to minimize tax payments.
ChatGPT
tax avoidance
Tax avoidance is the lawful practice of minimizing one's tax obligations through the use of tax deductions, tax credits, and other legal methods. It involves the arrangement of one's financial affairs to take full advantage of tax laws in order to reduce the amount of tax payable. It's distinct from tax evasion, which is the illegal practice of not paying taxes owed.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of tax avoidance in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of tax avoidance in Pythagorean Numerology is: 2
Examples of tax avoidance in a Sentence
European Economics Commissioner Pierre Moscovici:
Good behavior will hopefully chase out bad behavior. Tax avoidance is bad publicity for companies.
The IRS enforcement funding in the Inflation Reduction Act is something Congressman Beyer feels strongly is needed to restore declining customer service, get working Americans their tax refunds in a timely manner, and prevent wealthy people and large corporations from avoiding their fair share of the tax burden, tax avoidance costs the country many billions of dollars every year, and that revenue gap hurts everyone else.
The U.S. shouldn't get suckered into a race to the bottom with a bunch of no-tax, resort-lined islands to please the tax avoidance industry and their lobbyists.
This is tax avoidance, not tax evasion. There's no indication of any wrongdoing, except on the part of Congress.
This is a case of lies, deception and fraud, this is not about tax avoidance but rather tax evasion.
Translations for tax avoidance
From our Multilingual Translation Dictionary
- التهرب من دفع الArabic
- vyhýbání se danímCzech
- skatteunddragelseDanish
- φοροαποφυγήςGreek
- verosuunnittelu, veronkiertoFinnish
- évasion fiscaleFrench
- कर टालनाHindi
- adóelkerülésHungarian
- הימנעות ממסHebrew
- 税金回避Japanese
- 조세 회피Korean
- belastingontwijkingDutch
- evasão fiscalPortuguese
- уклонение от налоговRussian
- การหลีกเลี่ยงภาษีThai
- tránh đánh thuếVietnamese
- שטייַער אַוווידאַנסYiddish
- 避税Chinese
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"tax avoidance." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/tax+avoidance>.
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