tax avoidance and evasion
Tax avoidance refers to the legal reduction of tax liability by using legitimate strategies and loopholes within the tax system, while tax evasion involves intentionally and unlawfully evading payment of taxes by hiding income, assets, or providing false information to tax authorities.
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Related Concepts (2)
Similar Concepts
- corporate tax avoidance
- corporate tax evasion
- cross-border tax avoidance
- cross-border tax evasion
- double taxation avoidance
- high net worth individuals' tax avoidance
- international tax evasion
- offshore tax evasion
- shadow economy and tax avoidance
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