Tax Evasion
/ˈtæks ɪˈveɪʒən/
Definitions
- (n.) The illegal act of deliberately avoiding paying taxes owed by concealing income or information from tax authorities.
The company was investigated for tax evasion after underreporting its revenues.
Forms
- tax evasion
Related terms
See also
Commentary
Tax evasion denotes a criminal offense distinguished from tax avoidance, which involves lawful means to minimize tax liability.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.