tax avoidance

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  • noun

Words related to tax avoidance

the minimization of tax liability by lawful methods

References in periodicals archive ?
The code is expected to stop banks from avoiding taxes and also prevent their clients from avoiding taxes.
Foreign trusts are a time-honored method of protecting your assets but not avoiding taxes (except for foreign citizens).
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.
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.