Definition of tax avoidance in US English:
tax avoidance
nountaks əˈvoidnstæks əˈvɔɪdns
The arrangement of one's financial affairs to minimize tax liability within the law.
Compare with tax evasion
Example sentencesExamples
- They've clamped down on some traditional ways of tax avoidance.
- Tyco International's acquisition accounting and offshore tax avoidance practices are also under scrutiny.
- New rules to tackle tax avoidance using personal service companies and similar intermediaries were published today.
- In doing so, the individual takes account of personalised needs, maximum tax avoidance, investment options, and so forth.
- The chancellor has already clamped down on tax avoidance by targeting complex arrangements, such as double trusts.