What is Tax avoidance?
'''Tax avoidance''' is a [[legal]] way to avoid or reduce the [[tax]] payed to the government or state. It contrasts with [[tax evasion]], which is [[illegal]] dodges to avoid paying tax. A [[tax shelter]] is one type of tax avoidance. [[Tax haven]]s are places which offer low tax.<ref>{{Cite journal |doi = 10.2308/accr.2008.83.1.61|title = Long‐run corporate tax avoidance |url = https://archive.org/details/sim_accounting-review_2008-01_83_1/page/61|journal = The Accounting Review|volume = 83|pages = 61–82|year = 2008|last1 = Dyreng|first1 = Scott D.|last2 = Hanlon|first2 = Michelle|last3 = Maydew|first3 = Edward L.|citeseerx = 10.1.1.638.2292}}</ref> The [[World Bank]]'s World Development Report 2019 on the future of work says governments should curb tax avoidance.<ref>{{cite web | url=http://www.worldbank.org/en/publication/wdr2019 | title=World Development Report 2019: The Changing Nature of Work }}</ref> It remains a fact that tax avoidance is the way many companies and rich people manage to pay as little tax as possible. == References == {{reflist}} [[Category:Taxation]]