Tax avoidance

Tax avoidance is a legal way to avoid or reduce the tax payed to the government or state. It contrasts with tax evasion, which is illegal dodges to avoid paying tax. A tax shelter is one type of tax avoidance. Tax havens are places which offer low tax.^[1]

The World Bank's World Development Report 2019 on the future of work says governments should curb tax avoidance.^[2] It remains a fact that tax avoidance is the way many companies and rich people manage to pay as little tax as possible.