tax avoidance

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tax avoidance

n
(Accounting & Book-keeping) reduction or minimization of tax liability by lawful methods. Compare tax evasion
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.tax avoidance - the minimization of tax liability by lawful methods
minimisation, minimization - the act of reducing something to the least possible amount or degree or position
Translations

tax avoidance

nelusione f fiscale
References in periodicals archive ?
A spokesman for Sefton council said: "In no way has there been any avoidance of tax relating to the purchase of the Strand Shopping Centre.
On one hand, making a pension contribution is tax avoidance since this income is not taxed, whereas on the other hand Lewis Hamilton's avoidance of tax on his AaAaAeAaAaAaAeA 16.
The firm employs at least three full time employees, and the services are not rendered under an arrangement, the sole or main purpose of which is the avoidance of tax.
Section 115JH of the Act, inter alia, provides that the Central Government may notify exception, modification and adaptation subject to which, provisions of the Act relating to computation of total income, treatment of unabsorbed depreciation, set off or carry forward and set off of losses, collection and recovery and special provisions relating to avoidance of tax shall apply in a case where a foreign company is said to be resident in India due to its PoEM being in India for the first time and the said company has never been resident in India before.
He also was adamant about the need for keeping the state economy strong allowing businesses to grow and hire people, which in turn leads to more growth and the avoidance of tax increases.
He also applauded the agreements for higher education and scientific research cooperation as well as avoidance of tax duplication would open new horizons for economic cooperation.
At the launch of Labour's local election campaign, he will argue that the avoidance of tax by wealthy firms and individuals is starving public services of vital funding.
Lord Denning MR said in Re Weston's Settlements; Weston v Weston: 'The avoidance of tax may be lawful, but it is not yet a virtue'.
7701 (I) and the anti-conduit regulations give the IRS the power to disregard certain intermediate parties in a finance arrangement for withholding tax purposes to prevent avoidance of tax.
Chairwoman Josephine Feehily launched a staunch defence of Revenue's role and denied a senior whistleblower's allegations that the avoidance of tax was not properly investigated.
In HMRC's view, this has led to unacceptable avoidance of tax, as LLPs and members who would be treated as employees in a traditional partnership have been able to benefit from large MARKETWATCH National Insurance Contributions savings.
During the meeting, the committee hosted experts from the Secretariat General of Taxation to review the articles of the draft double taxation and avoidance of tax evasion agreement, with relation to the tax income between the Sultanate's government and the government of the Kingdom of Spain.