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 index scores each country's system based on the degree to which it enables corporate tax avoidance combined with the scale of its corporate activity to determine the share of global corporate activity put at risk of tax avoidance by the country.
Is Brexit a manipulation of us all by the very rich for tax avoidance purposes?
Tax avoidance is the legal exploitation of a country's tax regime to reduce the amount of tax due by means within the law.
"I'm a lawyer by profession and I know tax avoidance is within the law while tax evasion is not allowed," Kalonzo said.
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.
Tax avoidance is legal and tax evasion is not, although lots of tax avoidance schemes are frowned upon.
The leaked Paradise Papers will come as no surprise to those who have witnessed governments past and present turning a blind eye to the outrageous tax avoidance mechanisms used by the super-rich.
But rules targeting tax avoidance cannot go against their purpose and treat some companies better than others.
Almost 70 nations have signed a treaty, which aims to drastically curb tax avoidance practices by large companies.
PROBES by HM Revenue and Customs (HMRC) into tax avoidance schemes raked in an additional PS494 million in income tax for Treasury coffers last year, figures from law firm Pinsent Masons show.
But Treasury rejected this argument and stated it believed that a taxpayers use of the so-called check-the-box election constituted a principal purpose of tax avoidance. Moreover, the IRS and Treasury even threatened to issue retroactive regulations to address these transactions.
"And our first Budget will make sure that, following an immediate review of HMRC, it has all the powers and resources it needs to come down hard on tax avoidance and evasion.