Tax Noncompliance - Difference Between Avoidance and Evasion

Difference Between Avoidance and Evasion

The use of the terms tax avoidance and tax evasion can vary depending on the jurisdiction. In general, the term "evasion" applies to illegal actions and "avoidance" to actions within the law. The term "mitigation" is also used in some jurisdictions to further distinguish actions within the original purpose of the relevant provision from those actions that are within the letter of the law, but do not achieve its purpose.

Read more about this topic:  Tax Noncompliance

Famous quotes containing the words difference between, difference and/or avoidance:

    The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.
    Shirley Chisholm (b. 1924)

    I find it a great and fatal difference whether I court the Muse, or the Muse courts me. That is the ugly disparity between age and youth.
    Ralph Waldo Emerson (1803–1882)

    The American Dream, the idea of the happy ending, is an avoidance of responsibility and commitment.
    Jill Robinson (b. 1936)