tax avoidance

(redirected from avoidance)
Also found in: Dictionary, Thesaurus, Medical, Legal, Wikipedia.

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 ?
The agreement will thereby, improve transparency in tax matters and will help curb tax evasion and tax avoidance.
Tax avoidance is about arranging your affairs in such a way that you pay as little tax as possible.
Penny Ciniewicz, Director General of HMRCs Customer Compliance Group, said: This is a great victory that sends a clear message to tax avoidance scheme promoters that we will pursue you if you dont play by the rules.
It comes after Prime Minister Theresa May and her predecessor David Cameron both pledged to clampdown on tax avoidance and evasion following the Panama Papers data leak in April, which revealed the offshore financial activities of individuals and companies across the world.
The post Cyprus signs double taxation avoidance treaty with Jersey appeared first on Cyprus Mail .
HMRC has stepped up its investigations after several public figures, including actors, musicians, sports stars and comedians, were named as benefi-ciaries of tax avoidance measures.
The global market for collision avoidance systems is expected to grow at a CAGR of 7.
According to spatiotemporal attribute difference of the visual object, the self-occlusion avoidance problem can be classified into static self-occlusion avoidance and dynamic self-occlusion avoidance.
On a 0-10 scale, 27% of the overall patient population rated themselves as having touch avoidance at the level of 4-10, corresponding to moderate to severe.
IRS May Allow a Transaction That Does Not Have a Principal Purpose of Tax Avoidance Under Sec.
After Tory peer Lord Fink's admission that he had taken "vanilla, bland" avoidance measures to reduce his tax liabilities, Mr Miliband said the Prime Minister was facing "a defining moment" in his leadership.