Definitions for tax avoidance
tax avoid·ance

Princeton's WordNetRate this definition:0.0 / 0 votes

1. tax avoidancenoun

   the minimization of tax liability by lawful methods

WiktionaryRate this definition:0.0 / 0 votes

1. tax avoidancenoun

   The legal exploitation of tax rules to minimize tax payments.

ChatGPTRate this definition:0.0 / 0 votes

1. tax avoidance

   Tax avoidance is the lawful practice of minimizing one's tax obligations through the use of tax deductions, tax credits, and other legal methods. It involves the arrangement of one's financial affairs to take full advantage of tax laws in order to reduce the amount of tax payable. It's distinct from tax evasion, which is the illegal practice of not paying taxes owed.

Matched Categories

1. • Minimization

How to pronounce tax avoidance?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say tax avoidance in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of tax avoidance in Chaldean Numerology is: 7

2. Pythagorean Numerology

   The numerical value of tax avoidance in Pythagorean Numerology is: 2

Examples of tax avoidance in a Sentence

1. Aaron Fritschner:

   The IRS enforcement funding in the Inflation Reduction Act is something Congressman Beyer feels strongly is needed to restore declining customer service, get working Americans their tax refunds in a timely manner, and prevent wealthy people and large corporations from avoiding their fair share of the tax burden, tax avoidance costs the country many billions of dollars every year, and that revenue gap hurts everyone else.

2. Treasury Secretary Jack Lew:

   While we intend to take additional action in the coming months, there is only so much the Treasury Department can do to prevent these tax-avoidance transactions. Only legislation can decisively stop inversions.

3. Tidjane Thiam:

   We do not condone structures for tax avoidance, whenever there is a structure with a third party beneficiary we insist to know the identity of that beneficiary.

4. Ron Wyden:

   The U.S. shouldn't get suckered into a race to the bottom with a bunch of no-tax, resort-lined islands to please the tax avoidance industry and their lobbyists.

5. Matthew Gardner:

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

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=tax avoidance
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Tax_Avoidance
3. ^ ChatGPT
   https://chat.openai.com