Avoidance of Tax

Avoidance of Tax means:
a method by which a taxpayer legally reduces his or her tax liability, for example, by investing in a tax shelter. Avoidance is a term that is difficult to define but which is generally used to describe the arrangement of a taxpayer's affairs that is intended to reduce his tax liability and that although the arrangement could be strictly legal it is usually in contradiction with the intent of the law it purports to follow.Contrast with evasion and tax evasion. Former IRC (check if this IRC provision is current here) §§269 and 269A.

See Offshore Bank in the American Encyclopedia and Offshore Bank in the World Encyclopedia.

See Tax Evasion in the U.S. Encyclopedia of Law and Tax Evasion in the World Encyclopedia of Law.