tax avoidance
noun1
The legal exploitation of tax rules to minimize tax payments.
- Tax avoidance is a costly business to the US economy. Some of the country's best minds in the legal and accounting professions work around the clock searching for loopholes in the tax regulations.1995, Robert Ernest Hall, Alvin Rabushka., The Flat Tax, page 26:
- Many mistakes are common in creating and administering a Family Limited Partnership, and these errors can reduce or eliminate its value as a tax avoidance tool.2008, Aaron Larson, Wills and Trusts Kit For Dummies, page 85:
1 more example
- Tax planning uses tax avoidance methods.2009, Kevin Murphy, Mark Higgins, Concepts in Federal Taxation 2010, With Taxcut Tax Preparation Software, page 32:
- Related terms
- tax avoision, tax evasion