What does "tax avoidance" mean?

The legal exploitation of tax rules to minimize tax payments.

Tax avoidance

noun

noun ·Rare ·Advanced level

Definitions

Noun

1
The legal exploitation of tax rules to minimize tax payments. uncountable
"Tax avoidance is a costly business to the US economy. Some of the country's best minds in the legal and accounting professions work around the clock searching for loopholes in the tax regulations."
2
the minimization of tax liability by lawful methods wordnet

Antonyms

All antonyms

federal taxation income tax collection property tax collection revenue collection

Example

More examples

"Tax avoidance is a costly business to the US economy. Some of the country's best minds in the legal and accounting professions work around the clock searching for loopholes in the tax regulations."

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