tax avoidance

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Related to avoidance: Avoidance behavior, Avoidance behaviour

Tax avoidance

Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

Tax Avoidance

The act or practice of taking steps to legally reduce one's tax liability. One may do this directly by taking advantage of an applicable tax credit or tax deduction. More often, however, the term refers to a person or company making trades or conducting other activities specifically to avoid taxes. For example, one may sell a stock at a loss to offset a gain on the sale of another stock. It is important to note that tax avoidance is different from tax evasion, which is the minimization of one's tax liability through illegal means, though it is generally acknowledged that the line between the two can be murky.

tax avoidance

The reduction of a tax liability by legal means. For example, high-income individuals avoid significant federal income taxes by purchasing and holding municipal bonds. Compare tax evasion.

tax avoidance

any efforts by taxpayers to arrange their financial affairs so as to avoid paying TAX by taking maximum advantage of taxation allowances and reliefs. In this way taxpayers can legally minimize their tax burden. Compare TAX EVASION.

tax avoidance

any efforts by taxpayers to arrange their financial affairs so as to avoid paying TAX by taking maximum advantage of taxation allowances and reliefs. In this way taxpayers can legally minimize their tax burden. Compare TAX EVASION.

tax avoidance

Perfectly legal and ethical strategies for reducing taxes to the lowest possible number. Contrast with tax evasion.

References in periodicals archive ?
Complete report on global collision avoidance systems market spread across 179 pages, profiling 15 companies and supported with 79 tables and 72 figures is now available at ow-global-trend-forecast-to-2020.
Boswell - the MP for Coatbridge, Chryston and Bellshill - received an PS18,000 interest-free loan from a company associated with a previous tax avoidance scandal.
Under these rules, disputed tax is paid up front by avoidance scheme users.
IRS May Allow a Transaction That Does Not Have a Principal Purpose of Tax Avoidance Under Sec.
Mr Miliband intervened on Wednesday in the escalating row over alleged tax avoidance activities linked to HSBC's Swiss subsidiary by naming Lord Fink - under the cloak of parliamentary privilege - as one of the UK citizens listed as having an account at the bank's Geneva branch and accusing Mr Cameron of being "a dodgy Prime Minister surrounded by dodgy donors".
Mr Miliband intervened yesterday in the escalating row over alleged tax avoidance activities linked to HSBC's Swiss subsidiary by naming Lord Fink - under the cloak of parliamentary privilege - as one of the UK citizens listed as having an account at the bank's Geneva branch and accusing Mr Cameron of being "a dodgy Prime Minister surrounded by dodgy donors".
Procrastination is often characterized by chronic self-doubt as evidenced by empirical linkages with work avoidance (Wolters, 2003) and test anxiety (Cassady & Johnson, 2002).
The canon of constitutional avoidance and the propriety of its use
The way in which the Government is stoking the debate on what George Osborne has called "morally repugnant" aggressive tax avoidance is changing the attitude of many wealthy individuals, but it has not stopped the promoters of high-risk tax avoidance from pushing their wares, chartered tax adviser Eamonn Daly is warning.
Some in the automotive industry have credited these reductions (and reduced collisions overall) to state bans on texting and cellphone use while driving, and the increase in accident avoidance technology.
REDCAR MP Ian Swales has again been quizzing corporate giants about their part in tax avoidance schemes.
Speaking in front of the Public Accounts Committee (Pac), HMRC's chief executive and permanent secretary Lin Homer said that winning the anti-tax avoidance campaign group UK Uncut's high court challenge was "good.