tax avoidance definition

tax avoidance

Lawful minimization of tax liability through sound financial planning techniques such as phasing the sale of assets over a period long enough to effect maximum exemption from capital gains tax. Whereas tax avoidance is legal, tax evasion is not.

tax avoidance is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

tax avoidance appears in the definitions of the following terms: avoidance, tax evasion and transfer price

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