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
How to use tax avoidance in a sentence
Why not get rid of the tax, and the tax avoidance, by radically simplifying the tax code?Our Tax Code is Too Complicated. Here's How to Simplify It. | Megan McArdle | April 15, 2013 | THE DAILY BEAST
Tax evasion is illegal; tax avoidance is legal but distorts economic incentives.How Did We Leave Behind A Whopping Middle-class Tax Hike? | | December 21, 2012 | THE DAILY BEAST
But this is an Italy that has grown significantly more hostile to tax avoidance.
While individual Americans struggle every year with tax compliance, large companies spend billions on tax avoidance.
In response, the British government launched a crackdown on tax avoidance, raking in £2 billion (roughly $3.3 billion).