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"Tax avoidance" is precisely "using legal means to reduce ... tax obligation" Tax avoidance is not illegal. Tax evasion is illegal.
by sib 9y ago
"Tax avoidance" is precisely "using legal means to reduce ... tax obligation"
Tax avoidance is not illegal. Tax evasion is illegal.
- toasterlovin 9y agoI screwed the pooch on this one, thanks for setting me straight.
- sib 9y agoNo worries - my first startup's external CPA straightened me out on this one years ago...