Tax Avoidance (Noun)
Meaning
The minimization of tax liability by lawful methods.
Classification
Nouns denoting acts or actions.
Examples
- The company employed a team of accountants to achieve tax avoidance through smart financial planning and strategic investment.
- The wealthy individual utilized tax avoidance strategies to minimize their tax burden and maximize their earnings.
- The government has implemented policies to curb aggressive tax avoidance schemes and ensure fair tax payment from all citizens.
- The tax consultant helped the small business owner implement tax avoidance measures to reduce their tax liability and increase their profit margins.
- The company's financial advisors were experts in tax avoidance and helped the corporation save millions of dollars in taxes each year.