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 farce and humour in literature is, I suppose, that farce strums louder and louder on one string, while humour varies its note, changes its key, grows and spreads and deepens until it may indeed reach tragic depths.
    —V.S. (Victor Sawdon)

    There is a difference between eating and drinking for strength and from mere gluttony.
    Henry David Thoreau (1817–1862)

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