Quote:
Originally Posted by HarryT
Let's be clear about terms:
"Tax avoidance" is minimising your tax payments by legal means.
"Tax evasion" is not paying taxes that the law requires you to pay, and is a crime.
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Depends where you are. The Canada Revenue Agency calls "tax avoidance" a crime. They say that minimizing your tax payments in a way that is "
consistent with the intent of the law" (note that they don't care about the
letter of the law!) is "tax planning". Hilary Clinton calls Donald Trump's tax avoidance morally reprehensible, whether it be found to be legal or not.
Personally, I find consumption taxes to be more despicable than avoiding them. They're regressive and hurt the poor more than the rich.