Hello guys,I posted a news concerning tax evaders two days ago Click here and a blog visitor mailed me concerning the post title of the term aforementioned.Thus,bringing us to today's bizblog term.
Tax evasion is the illegal way of avoiding to pay tax.it is an unlawful attempt to minimize tax liability through unscrupulous techniques to frustrate tax laws.
It is a criminal offence subject to different penalties by tax authorities,tax evasion tactics involve misrepresentation of income or earnings to the Internal Revenue Service by individuals or corporate bodies.
There are legal ways to paying less tax when you indulge the help of a good tax Accountant or financier which is basically called tax avoidance but using illegal ways to not paying your taxes makes one a 'Tax evader'
There you have it guys,tax evasion is illegal and totally uncalled for.
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