Tax avoidance

Tax avoidance is the practice of using legal means to reduce the amount of tax paid. Companies, institutions and private individuals the world over seek to reduce their tax exposure – from multinationals headquartering in lower corporation tax jurisdictions, through to individuals structuring the personal finances through the most tax efficient methods possible. There is nothing illicit or illegal about tax avoidance, although it can result in various penalties if deemed excessive and/or undefendable.

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