Tax evasion

Tax evasion

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

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Industry/Domain: Business administration
Category: Financial management
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tax evasion

Economy; Economics

Paying less tax than you are legally obliged to. Contrast with tax avoidance. There may be a thin line between the two, but as Denis Healey, a former British chancellor, once put ...

tax evasion

Law; General law

A deliberate attempt of avoiding to pay tax by fraudulent means is called evasion of tax.

tax evasion

Financial services; General Finance

Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.

tax evasion

Business administration; Business management

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

tax evasion

Business administration; Financial management

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

evasion

Education; SAT vocabulary

Escape.

cash flow

Business administration; Financial management

Cash flow is the movement of money in and out of a company. When more cash comes in than going out, it is said the company's operations are cash flow positive. A negative cash ...

K

Business administration; Financial management

A common abbreviation for one thousand, derived from the French ‘kilo’. It is used especially of money; for example, $50K = $50,000.

golden handcuffs

Business administration; Financial management

A financial inducement to an employee to stay, which is so favourable that he or she would find it difficult to leave the organization.

creative accounting

Business administration; Financial management

A form of accounting in which the presentation of financial data is manipulated to the advantage of an organization in any way possible within the law (or not, as the case may ...

indirect taxation

Business administration; Financial management

A form of taxation which is not paid directly to the government, as in direct taxation, but added to the cost of goods and services; for example, Value Added Tax or the tax on ...

shadow price

Business administration; Financial management

A guess or best estimate of the price of a product in the absence of a market in that product which can actually provide one. See also opportunity cost.

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