__________ could include any legal measure,including taking advantage of "loopholes" such as home mortgage deductions or the transfer of money to offshore accounts or "tax shelters."

Question

Quizplus · Accepted Answer

Tax avoidance is the legal act of reducing one's tax liability, whereas tax evasion is the illegal act of deliberately not paying taxes owed. The use of legal measures, such as taking advantage of deductions or transferring money to offshore accounts, is an example of tax avoidance.

__________ Could Include Any Legal Measure,including Taking Advantage of "Loopholes