Tax avoidance

Tax avoidance

Doing everything possible within the law to reduce your tax bill. Learned Hand, an American judge, once said: "There is nothing sinister in so arranging one's affairs as to keep taxes as low as possible … nobody owes any public duty to pay more than the law demands. " Contrast with tax evasion.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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tax avoidance

Economy; Economics

Doing everything possible within the law to reduce your tax bill. Learned Hand, an American judge, once said: “There is nothing sinister in so arranging one’s affairs as to keep ...

tax avoidance

Law; Laws and acts

The act of taking advantage of legally available tax-planning opportunities in order to minimize one's tax liability.

tax avoidance

Financial services; General Finance

Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters, IRA accounts, and trusts. Compare with tax evasion.

tax avoidance

Business administration; Business management

The legal attempt to reduce the burden of taxation on an individual or organization.

tax avoidance

Law; Legal services; General law

Planning finances carefully to take advantage of all legal tax breaks, such as deductions and exemptions. Not tax evasion.

tax avoidance

Business administration; Financial management

The legal attempt to reduce the burden of taxation on an individual or organization. Compare with tax evasion.

immaterial economy

Economy; Economics

An economy in which traditional investment in areas such as natural resources, equipment and infrastructures lags behind immaterial items such as training and research and ...

digital economy

Economy; Economics

The digital economy represents the persuasive use of IT (hardware, software, applications and telecommunications) in all aspects of the economy, including internal operations of ...

knowledge management

Economy; Economics

Management of the intellectual product that is generated by associating relationships among items of data and information in a given field. Source: Termium plus. Sub verbis ...

internet economy

Economy; Economics

A business environment created by networks of enterprises conducting e-commerce. (The "I" in "internet is normally spelled with a capital "I") Source: Samarajiva, Rohan. “How the ...

circular economy

Economy; Economics

The discipline which focuses on the design, development, operation, renewal and decommissioning of industrial facilities as ecological systems, with an emphasis on the ...

economic intelligence

Economy; Economics

The techniques for extracting essential information from a large volume of data and presenting it in an easy-to-understand form, hiding all complexity, making it suitable for ...

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