One of the mysteries of the English language finally explained.
The arrangement of one's financial affairs so as to avoid or minimize tax liability in such a way that it is not clear whether this constitutes lawful avoidance of tax or illegal tax evasion.‘tax avoision is a consequence of the web of tax rules that has undermined compliance’as modifier ‘the higher the tax rate, the more popular the avoision schemes’
- ‘This other drug legalization movement is an example of what theorists call legal avoision.’
- ‘It is often difficult to distinguish avoidance from evasion. A new term, "tax avoision" was invented to describe the grey area between the two.’
- ‘The term 'tax avoision' has come to be used to refer to those practices the speaker regards, not as dishonest evasion but, even so, as unacceptable tax avoidance.’
- ‘Such activity is closer to tax avoision, where avoidance shades into evasion, than are the government-sponsored schemes which are now to be arbitrarily chopped back.’
1970s: blend of avoidance (see avoid) and evasion.
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