What does tax evasion mean?

Definitions for tax evasion
tax eva·sion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word tax evasion.

Princeton's WordNet

  1. tax evasionnoun

    the deliberate failure to pay taxes (usually by making a false report)

Wiktionary

  1. tax evasionnoun

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

ChatGPT

  1. tax evasion

    Tax evasion is the illegal practice of purposely misrepresenting one's financial affairs to the tax authorities to reduce the amount of tax owed. This includes underreporting income, inflating deductions, hiding money and assets, or using other dishonest methods to avoid paying the correct amount of taxes. It is considered a crime punishable by law, with penalties varying from fines to imprisonment.

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Numerology

  1. Chaldean Numerology

    The numerical value of tax evasion in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of tax evasion in Pythagorean Numerology is: 4

Examples of tax evasion in a Sentence

  1. Carsten Schneider:

    If David Cameron still wants to be taken seriously personally and politically in the fight against tax fraud and tax evasion, Britain needs to close the loopholes in its own country immediately.

  2. Cynthia Messersmith:

    This is a case of lies, deception and fraud, this is not about tax avoidance but rather tax evasion.

  3. The CEO:

    My inability to convince anyone that these arrangements were not put in place for reasons of tax evasion have caused reputational damage to the bank. But the fact is I've complied with the tax laws.

  4. Matthew Gardner:

    This is tax avoidance, not tax evasion. There's no indication of any wrongdoing, except on the part of Congress.

  5. Michael Cohen:

    There is no tax evasion, and the HELOC ? I have an 18 % loan to value on my home. How could there be a HELOC issue ? How ? ... It's a lie.


Translations for tax evasion

From our Multilingual Translation Dictionary

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"tax evasion." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/tax+evasion>.

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