Tax Evasion (Noun)
Meaning
The deliberate failure to pay taxes (usually by making a false report).
Classification
Nouns denoting acts or actions.
Examples
- The wealthy businessman was accused of tax evasion for hiding millions of dollars in offshore accounts.
- Tax evasion is a serious crime that can result in hefty fines and even imprisonment.
- The company was found guilty of tax evasion and ordered to pay back the unpaid taxes with interest.
- The government has implemented new measures to combat tax evasion and ensure everyone pays their fair share.
- The celebrity's accountant was fired after it was discovered that he had been involved in tax evasion schemes for years.