tax evasion
Definition
Unlawful attempt to minimize tax liability through fraudulent techniques to circumvent or frustrate tax laws, such as deliberate under-statement of taxable income or willful non-payment of due taxes. Whereas tax evasion is an offense (punishable by both civil and criminal penalties), tax avoidance is not.
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tax evasion is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
tax evasion appears in the definitions of the following terms: skimming, black market, tax avoidance, capital flight, evasion, bank secrecy and tax treaty
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