Minimizing tax burden through legal means such as tax-free municipal bonds, tax shelters , IRA accounts, and trusts. Compare with tax evasion. Bloomberg Financial Dictionary
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An attempt to minimise the tax payable by legal means. Financial Services Glossary
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legal ways of paying less tax:
• The law has never prevented clever lawyers from finding ways of tax avoidance for their clients.
— compare tax evasion* * *
tax avoidance UK US noun TAX
► a legal way of reducing the amount of tax a person or company would normally pay: »
The Inland Revenue estimates that it is losing at least £10 billion a year because of tax avoidance.
»tax avoidance measures/schemes
Financial and business terms. 2012.