Meaning of “tax avoidance” in the English Dictionary


"tax avoidance" in Business English

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tax avoidancenoun

uk us 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.

(Definition of “tax avoidance” from the Cambridge Business English Dictionary © Cambridge University Press)