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 Pound and Whitman is not between the democrat who in deep distress could look hopefully toward the future and the fascist madly in love with the past. It is that between the woodsman and the woodcarver. It is that between the mystic harking back to his vision and the artist whose first allegiance is to his craft, and so to the reality it presents.”
—Babette Deutsch (1895–1982)
“The difference between objective and subjective extension is one of relation to a context solely.”
—William James (1842–1910)
“Tax avoidance means that you hire a $250,000-fee lawyer, and he changes the word ‘evasion’ into the word ‘avoidance.’”
—Franklin D. Roosevelt (1882–1945)