Meaning of tax avoidance | Babel Free

Definitions

The legal exploitation of tax rules to minimize tax payments.

uncountable

Equivalents

Examples

“Tax avoidance is a costly business to the US economy. Some of the country's best minds in the legal and accounting professions work around the clock searching for loopholes in the tax regulations.”

“Many mistakes are common in creating and administering a Family Limited Partnership, and these errors can reduce or eliminate its value as a tax avoidance tool.”

“Tax planning uses tax avoidance methods.”

CEFR level