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English definition of “tax avoidance”

tax avoidance

noun
 
 
TAX
a legal way of reducing the amount of tax a person or company would normally pay: The Inland Revenue estimates that it is losing at least £10 billion a year because of tax avoidance. tax avoidance measures/schemes → Compare tax dodge, tax evasion
(Definition of tax avoidance from the Cambridge Business English Dictionary © Cambridge University Press)
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