Examples of evasion in the following topics:
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Tax Loopholes and Lowered Taxes
- Tax evasion is the term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.
- Tax evasion is the general term for efforts by individuals, corporations, trusts and other entities to evade taxes by illegal means.
- Both tax avoidance and evasion can be viewed as forms of tax noncompliance, as they describe a range of activities that are unfavorable to a state's tax system.
- Tax evasion is an activity commonly associated with the underground economy, and one measure of the extent of tax evasion is the amount of unreported income, namely the difference between the amount of income that should legally be reported to the tax authorities and the actual amount reported, which is also sometimes referred to as the "tax gap. "
- Conviction of tax evasion may result in fines and imprisonment.