Tax Evasion - Law Dictionary Search Results
Home Dictionary Name: tax evasiontax evasion
tax evasion : a willful and esp. criminal attempt to evade the imposition or payment of a tax [convicted of tax evasion] ...
Tax evasion
Tax evasion, means wilful attempt to defeat or circumvent the tax law in order to illegally reduce one's tax liability, Black's Law Dictionary, 7th Edn., p. 1474....
evasion
evasion 1 : a means of evading 2 : the act or an instance of evading see also tax evasion ...
evasive
evasive : tending or intending to evade NOTE: Under Federal Rule of Civil Procedure 37(a)(3), an evasive or incomplete answer to an interrogatory or to a question at a deposition is treated as a failure to answer and may be subject to an opponent's motion to compel an answer. eva·sive·ly adv eva·sive·ness n ...
tax shelter
tax shelter : an entity (as a partnership) or investment plan or arrangement whose principal purpose is the avoidance or evasion of income tax ;also : an interest offered or purchased on the premise that it will provide favorable tax consequences [purchased limited partnership tax shelters] ...
corporation
corporation [Late Latin corporatio, from Latin corporare to form into a body, from corpor- corpus body] : an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals that has most of the rights and duties of natural persons but with perpetual existence and limited liability see also pierce compare association, partnership, sole proprietorship close corporation [klōs-] : a corporation whose shares are held by a small number of individuals (as management) and not publicly traded ;specif : small business corporation in this entry called also closely held corporation compare public corporation in this entry foreign corporation : a corporation organized under the laws of a state or government other than that in which it is doing business government corporation : public corporation in this entry moneyed corporation : a corporation (as a bank) authorized to engage in the investment, exchange, or lending of moneyed capit...
evasive
Tending to evade or marked by evasion elusive shuffling avoiding by artifice...
Evasion
Evasion, the act of escaping by means of artifice; a trick or subterfuge....
net worth method
net worth method : a method used by the Internal Revenue Service to detect and calculate tax evasion in which the change in a taxpayer's net worth is compared to reported taxable income taking into account living expenses, allowable deductions and exemptions, and nontaxable income ...
Tax
Tax [fr. tasg, Wel.; taxe, Fr. and Dut.], an impost; a tribute imposed on the subject; an excise; tallage.A monetary charge imposed by government on persons, entities or properly to yield public revenue, Black's Law Dictionary, 7th Edn., p. 1469.Some general principles of taxation have been said to be:-(1) The subjects of every State ought to contribute to the support of the Government as nearly as possible in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the State. In the observation or neglect of this maxim consists what is called the equality or inequality of taxation.(2) The tax which each individual is bound to pay ought to be certain and not arbitrary. The time of payment, the manner of payment, the quality to be paid, ought all to be clear and plain to the contributor, and to every other person.(3) Every tax ought to be levied at the time, or in the manner, in which it is most likely to be co...
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