tax avoidance

British  

noun

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

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Example Sentences

While tax evasion scandals tend to catch the public eye, legally approved forms of tax avoidance are the major tool of wealth preservation.

From New York Times

The Times’ reporting challenged Trump’s claims of self-made wealth by documenting how his father, Fred, had given him at least $413 million over the decades, including through tax avoidance schemes.

From Washington Times

Perhaps not coincidentally, repealing the estate tax would complete the loop of tax avoidance for the wealthiest Americans.

From Salon

“So under this amendment, the billionaires who live off their borrowings would be immune from audit, and that would invite further tax avoidance.”

From New York Times

But progressives argued the proposal offers a telling glimpse into the Republican Party's extreme economic priorities at a time of skyrocketing inequality, large-scale corporate tax avoidance, and economic hardship for poor and middle-class households.

From Salon