Posted by offshorepedia on Feb 21, 2011 in Dictionary | 0 comments
Tax evasion is the general term for efforts to not pay taxes by illegal means. This in contrast to the term tax avoidance which is used to describe actions that are within the law in order to minimize or avoid taxes. Tax evasion is in most jurisdictions regarded as a criminal behavior.
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Posted by offshorepedia on Feb 21, 2011 in Dictionary | 0 comments
Tax avoidance is the use of the tax regime to one’s own advantage within the rules of the law, to reduce the amount of tax that is payable. This is contrast to tax evasion which is a term used in order to describe a behavior to not pay taxes by illegal means.
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