Definition of tax avoidance in English:

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tax avoidance

Pronunciation: /taks əˈvoidns/

noun

The arrangement of one’s financial affairs to minimize tax liability within the law. Compare with tax evasion.
Example sentences
  • Tyco International's acquisition accounting and offshore tax avoidance practices are also under scrutiny.
  • The chancellor has already clamped down on tax avoidance by targeting complex arrangements, such as double trusts.
  • In doing so, the individual takes account of personalised needs, maximum tax avoidance, investment options, and so forth.

For editors and proofreaders

Syllabification: tax a·void·ance

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