tax avoidance

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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 ?
Second, perceived advertising clutter triggers negative user attitudes, leading to advertising avoidance (Elliott & Speck, 1998).
A number of collision avoidance trajectories are obtained after collision avoidance path planning, trajectory planning and collision detection and stored in a container.
Invoking the doctrine of constitutional avoidance, Chief Justice John Roberts's majority opinion "interpreted" an exception into the statute providing that it did not apply to individual acts of poisoning.
Importantly, expression of daf-7 remains elevated in the ASI neurons of progeny for four generations, then returns to basal levels in the fifth generation, which is when the inherited avoidance behavior also disappears.
It added: "The UK with its corporate tax haven network is by far the world's greatest enabler of corporate tax avoidance and has single-handedly done the most to break down the global corporate tax system, accounting for over a third of the world's corporate tax avoidance risks.
Follow up hierarchical linear regressions were conducted to further examine whether emotional avoidance accounted for viewing frequency and negative outcomes above and beyond other predictors for viewing.
Member States will be able to tackle tax avoidance schemes in cases where other anti-avoidance provisions cannot be applied (general anti-abuse rule).
The Protocol which accorded the approval between India and China for the avoidance of double taxation was signed on November 26, 2018.
In the wake of major corporate scandals in the early 2000s and the global financial crisis of 2007-2009, there has been a growing interest regarding research examining the consequences of tax avoidance from a governance perspective.
ISLAMABAD -- Switzerland has yet to ratify the revised convention on Avoidance of Double Taxation with Pakistan, which is delaying the exchange of information between the two countries.
Whether someone is depressed, anxious, has an addiction or relationship problems, you can bet there is an element of avoidance in there, helping to keep the problem going.
So, pain avoidance, not altruism, drove many of my "charitable" acts.