Tax evasion is a legal attempt to arrange one's economic affairs to pay the least tax possible.

Name: Tax evasion is a legal attempt to arrange one's economic affairs to pay the least tax possible.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

Tax evasion is the illegal attempt to avoid paying taxes by not reporting income or overstating deductions, among other methods. It is different from tax avoidance, which is the legal attempt to minimize one's tax liability through legitimate means such as tax deductions and credits.

Tax Evasion Is a Legal Attempt to Arrange One's Economic