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tax avoidance

British  

noun

  1. reduction or minimization of tax liability by lawful methods Compare tax evasion

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Tax avoidance is not a criminal offence, unlike tax evasion.

From BBC • Aug. 21, 2024

Tax avoidance was possible for an online store versus brick-and-mortar bookstores.

From Seattle Times • Jan. 6, 2023

One financial manager said the appeal was self-explanatory: “Tax evasion is illegal. Tax avoidance is a right.”

From The Guardian • Jul. 25, 2015

Tax avoidance is not illegal but bends the rules of the tax system - for example, creating artificial transactions to achieve some tax advantage.

From Newsweek • Mar. 19, 2015

Tax avoidance may be accidental or the use of a loophole in tax law to minimise the amount of tax paid.

From BBC • Sep. 13, 2012

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