tax avoidance

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Definitions from WordNet

Noun tax avoidance has 1 sense

tax avoidance - the minimization of tax liability by lawful methods
--₁ is a kind of minimization, minimisation

Definitions from the Web

Tax Avoidance

Description

Tax avoidance refers to the legal measures taken by individuals or businesses to minimize their tax obligations and reduce the amount of tax they must pay. It involves using legal strategies and loopholes within the tax laws to lower one's tax liability without violating any regulations.

Sample Sentences

As a noun:

Many multinational corporations engage in complex tax avoidance schemes to minimize their tax bills.
She implemented several tax avoidance strategies to reduce her annual tax payments.

As a verb:

The wealthy businessman hired a team of experts to help him avoid paying excessive taxes.
They strategically arranged their financial affairs to legally avoid taxes.

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