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Tax evasion dictionary meaning

The act or an instance of evading. One may do this directly simply by not paying taxes in a given year. have given us some hope that the UK authorities will begin to pursue a more robust and aggressive approach to combating tax avoidance and tax evasion. Define tax evasion. eu Dictionary: tax evasion - meaning, definition, translations. 2. The non-payment of taxes by means of not reporting all taxable income, or by taking unallowed deductions. 2) Exclamation. a means of evading; subterfuge. [1375–1425; late Middle English < Latin ēvāsi . Tax evasion Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters. What is Tax Evasion. Tax evasion definition, the nonpayment of taxes, as through the failure to report taxable income. More often, however, the term refers to a person or company hiding assets or income ‘Initiatives against tax evasion will be launched to help pay for these new government programs. n. ’ ‘He also reformed the crippled banking sector and raised more revenue by cracking down on tax evasion. Define evasion. evasion synonyms, evasion pronunciation, evasion translation, English dictionary definition of evasion. More often, however, the term refers to a person or company hiding assets or income Definition of Tax Evasion. 1. User-contributed notes. Tax evasion is the criminal act of using illegal means to avoid paying taxes. The illegal nonpayment or avoidance of paying tax. Tax Evasion The process whereby a person, through commission of Fraud, unlawfully pays less tax than the law mandates. The failure to file a federal tax return is a misdemeanor, but a consistent pattern of 1) Noun. A person who is convicted is subject to a prison sentence, a fine, or both. Origin . 1920-1925 English. 3. Tax Evasion An illegal act or practice of not paying one's true tax liability. the avoiding of an accusation, question, or the like, as by a subterfuge. There are no user-contributed notes for this entry. ’ ‘What of the culture of tax evasion that was so widespread through the 1980s and much of the 1990s?’ ‘I never looked on it as tax WordSense. Tax evasion is a criminal offense under federal and state statutes. Considered by many to be the single most offensive word in the English language. See more. tax evasion. tax evasion synonyms, tax evasion pronunciation, tax evasion translation, English dictionary definition of tax evasion. Noun

 
 
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