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.


Nearby Terms

Search volume for tax evasion

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z