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tax evasion
(redirected from Evasion, Tax)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia 0.01 sec.
Tax evasion
Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.

Tax Evasion
An illegal act or practice of not paying one's true tax liability. One may do this directly simply by not paying taxes in a given year. More often, however, the term refers to a person or company hiding assets or income in certain vehicles deemed to be improper by the IRS. It is important to note that tax evasion is different from tax avoidance, which is the minimization of one's tax liability through legal means, though it is generally acknowledged that there is a fine line between the two. See also: Shell corporation, Tax haven.

tax evasion
The illegal avoidance of taxes. The intentional omission of a gain from the sale of stock in reporting income to the Internal Revenue Service is an example of tax evasion. Compare tax avoidance.

tax evasion

The use of fraud or other illegal means to hide income or reduce taxes.Contrast with tax avoidance.



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The papers examined a wide variety of issues, including how capital and labor mobility affect both domestic and international capital taxation, tax evasion, tax administration and compliance, and business organizational form, among other topics.
Categories: October 26, 2010, Capital gains or losses, Law enforcement, Personal income taxes, Program evaluation, Tax evasion, Tax returns, Tax violations, Taxpayers
Categories: Tax Policy and Administration, Compensation, Data collection, Foreign corporations, Foreign governments, Income statistics, Income taxes, International relations, Pay, Prices and pricing, Reporting requirements, Tax consultants, Tax credit, Tax evasion, Tax exempt status, Tax return audits, Taxpayers, Voluntary compliance
 
 
 
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