Is tax avoidance illegal?

In terms of taxation, taxpayers must fulfill their basic responsibilities and must submit correct tax returns on time. Fictitious, false or elaborate arrangements cannot be used to evade taxation. Tax evasion includes (1) tax evasion and (2) tax avoidance. The most common tax evasion behaviors are: -Omiting/underreporting income or profit;-Incorrect statements regarding claims for deductions … Read more

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