tax avoidance
Lawful liability reduction
Tax avoidance is the legal practice of minimizing tax liability through permitted strategies—deductions, credits, loopholes, or restructuring.
Distinguished from tax evasion, which is illegal, tax avoidance operates within the law while often against its spirit: The company's tax avoidance strategies shifted profits to low-tax jurisdictions.
The term often carries critical connotations, suggesting exploitation of the system by those who can afford sophisticated planning.
- tax havenZero-rate wealth jurisdiction
- offshore bankingForeign financial account services
- Panama PapersExposed secret shell companies
- tax shelterLegal income-shielding arrangement
- loopholeExploitable gap in rules
deductions · shell company · tax deferral · tax · tax credits · tax exemptions · minimization · tax optimization · creative accounting · offshore accounts · tax law · write-off · offshore · dodge · Swiss · IRS · wealth · wealth management
- Federal TaxesIRS, tax return, tax refund, Form 1040, 1040
- taxationtax, income tax, sales tax, tax return, tax refund
- corporate taxestax rate, tax rates, tax liability, tax code, tax brackets
- Tax Havenstax havens, offshore accounts, shell companies, tax shelters, offshore trusts
- Tax Policytax reform, tax policy, tax code, tax brackets, tax rates
- tax strategiestax shelters, tax deferral, tax planning, tax breaks, write-offs
taxing, avoided, avoidance, avoiding, unavoidable, avoids, taxes, overtax, taxable