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Glossary > T > "Tax avoidance" Definition

Tax avoidance

The minimising of tax liability using legal methods. To be contrasted with tax evasion which has a similar objective but uses illegal means and is therefore a criminal offence.

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Tax avoidance - The minimising of tax liability using legal methods. To be contrasted with tax evasion which has a similar objective but uses illegal means and is therefore a criminal offence.

Tax avoidance : the minimising of tax liability using legal methods. to be contrasted with tax evasion which has a similar objective but uses illegal means and is therefore a criminal offence.