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Tax Evasion vs. Tax Avoidance Explained by Jacob is a document available to read on EtoBox.

TAX EVASION VS. TAX AVOIDANCE Tax Evasion occurs when the taxpayer resorts to unlawful means to lessen or to get away with his tax liability. This is also known as tax dodging. Tax Avoidance happens when the taxpayer minimizes his tax liability by taking advantage of a legally available tax planning opportunities. This is otherwise known as tax minimization. Distinction between Tax Evasion and Tax Avoidance 1. Tax avoidance is legal and not subject to criminal penalty WHILE tax evasion is illegal and su

Author

Jacob

Language

EN