tax evasion

tax evasion definition - business

tax evasion

The illegal avoidance of taxes. Intentionally failing to include some cash sales when reporting income to the Internal Revenue Service is an example of tax evasion. Compare tax avoidance.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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