tax avoidance
- noun
- /tæks əˈvɔɪdəns/
- Specialized
- They promise action on tax avoidance but vote against it time and time again.
- tax avoidance strategy
Now in his tweet, Elon said much is made lately of unrealized gains being a means of tax avoidance.
- Now in his tweet, Elon said much is made lately of unrealized gains being a means of tax avoidance.
- So she's doggedly pursued issues around tax avoidance, for example, and the role of the Treasury and HMRC in that.
Examples
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One of the biggest problems in Greece is tax avoidance.
Blog text (1) -
This whole thing sounds like a tax avoidance scheme to me.
-
One of the largest tax avoidance schemes in history.
Blog text (27) -
Sanders wants to close the loopholes that make this tax avoidance legal.
Blog text (30) -
Son of Boss and its related shelters represented perhaps the largest tax avoidance scheme in history, costing the U.S. many.
Blog text (27) -
The arcane rules provide incentives to engage in bizarre but legal tax avoidance schemes.
Blog text (2) -
We will close all major tax loopholes, offshore tax avoidance, and domestic tax avoidance.
Blog text (11) -
More and more people are asking if Bain Capital's tax avoidance strategies are more than merely aggressive.
Blog text (19) -
Lawmakers are considering codifying the common-law economic substance doctrine, the principal analytical tool the courts use to determine whether a tax-avoidance strategy is legitimate or abusive.
Academic text (2003) -
Many multinational corporations use tax avoidance strategies to minimize their liabilities.
How Aggressive
- US
- Specialized
Surface Forms
Morphology
The compound 'tax avoidance' is directly compositional: a learner who knows 'tax' (a government charge) and 'avoidance' (keeping away from something) can infer it means avoiding or minimizing taxes. There is a technical/legal distinction from 'tax evasion' that a B1 learner may not know, but the basic idea of legally reducing tax liability is still transparently derived from the constituents.
Etymology
The term tax avoidance gives a clear picture: imagine a person or company walking around a gate marked tax to find a legal side road, and that act is the avoidance. Because they stay inside the law while trying to 'pay less tax', tax avoidance means using legal methods to reduce the taxes you owe.