The difference between tax avoidance and tax evasion is:
A)Tax avoidance is permissible by law, whereas, tax evasion is a crime
B)Tax avoidance is punishable, whereas, tax evasion is allowed
C)Tax avoidance is manipulation of laws, whereas, tax evasion is lawful
D)Tax avoidance at a larger level refers to tax evasion

Question

Quizplus · Accepted Answer

It is important for practitioners to be knowledgeable about what constitutes as tax avoidance and tax evasion. Tax avoidance is permissible by law, whereas, tax evasion is a crime as per the court of law.

The Difference Between Tax Avoidance and Tax Evasion Is