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Tax Avoidance


Definition: Tax Avoidance is the usage of the tax regime in a single legal territory to a person's or business firm's advantage to reduce the amount of tax that is payable by means that are within the law.
Benefiting from tax laws in ways which were intended by governments (e.g., tax havens) is sometimes referred to as "tax planning".
Forms of tax avoidance which use tax laws in ways not intended by governments can be considered legal but is almost never considered moral in the press and public opinion.


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