tax avoidance

(redirected from Avoiding Taxes)
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  • noun

Words related to tax avoidance

the minimization of tax liability by lawful methods

References in periodicals archive ?
When London Times reporter James Bone asked Kofi Annan about his son Kojo avoiding taxes by using his father's diplomatic immunity when importing a Mercedes-Benz into Ghana, and about some of the secretary-general's accounts" of the oil-for-food scandal that "don't make sense," Annan publicly rebuked the persistent Britisher, who was quickly defended by the president of the UN Correspondent's Association.
Given the severity of the funding situation in California, most of the laws this year either involve the regulation of personal rights, for which there is no apparatus to enforce, or enhanced fees, which is the legislature's new way of avoiding taxes,'' said Barbara O'Connor, director of the Institute for the Study of Politics and the Media at California State University, Sacramento.
And the senior is also avoiding taxes on that savings because she won't have to draw as much cash as taxable interest income; keeping it within her tax-deferred savings account.
Prior to the 1997 act, tax shelter rules were triggered only if there was a "principal" purpose of avoiding taxes.
The bottom line: Avoiding taxes is not illegal; evading them is.