Outrageously Funny Word Dictionary :: Avoidances

👉 Avoidance is a legal concept in which an individual or entity attempts to avoid paying taxes on income, property, or other revenue. It refers to the act of intentionally not paying taxes due to a lack of knowledge or awareness of the tax laws and procedures. In many jurisdictions, avoiding taxes involves planning and preparation for tax evasion. This can include using complex financial strategies, such as hiding assets, shifting deductions, or creating false records, which are intended to avoid reporting income accurately. The aim is often

avoidances