Definition of tax avoidance in English:

tax avoidance

Line breaks: tax avoid|ance

noun

[mass noun]
  • The arrangement of one’s financial affairs to minimize tax liability within the law. Compare with tax evasion.
    More 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.

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Word of the day skosh
Pronunciation: skōSH
noun
a small amount; a little