Important Difference
You cannot use the phrases tax avoidance and tax evasion interchangeably. Tax evasion is illegal. Tax avoidance is not. A rather important difference.
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December 19th, 2003 at 4:39 pm
Well, “abusive tax avoidance” is a lot closer to tax evasion. It generally means that either someone’s exploiting a loophole in the law that needs closing (i.e., violating the spirit of the law, if not the letter), or that it’s probably illegal but they don’t have enough evidence to prove it yet.
Me, I don’t look to kindly on tax avoidance schemes. Uncle complains that taxation is robbery; I have similar complaints about tax avoidance — by “avoiding” paying your taxes, you’ve just robbed from the rest of us by requiring us to pick up a bigger share of the burden.