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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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Related terms

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.

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