Tax Evasion Definition

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Definition Of Tax Evasion:

An illegal practice where aperson, organization or corporationintentionally avoids paying his/her/its true tax liability.
Those caught evading taxes are generally subject to criminal charges and substantial penalties.There is a difference between tax minimization/avoidance and tax evasion. All citizens have the right to reduce the amount of taxes they pay as long as it is by legal means.

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