Definition, Meaning & Synonyms
tax-evasion
noun
/tæks ɪˈveɪʒən/
Definition
The illegal act of not paying taxes owed to the government.
Examples
- Many individuals face serious consequences if caught engaging in tax evasion.
- The government has implemented stricter laws to combat tax evasion.
- Tax evasion can lead to hefty fines and imprisonment.
Meaning
Tax evasion refers to the practice of deliberately misrepresenting or concealing information to reduce tax liability or avoid paying taxes altogether.
Synonyms
- tax fraud
- tax avoidance
- tax cheating
