05-26-2010, 07:40 PM
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Pay It Forward
Industry Role:
Join Date: Sep 2005
Location: Yo Mama House
Posts: 76,968
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Quote:
Originally Posted by Fbomb
More on brassmonkey and fletch
Tax evasion
By contrast tax evasion is the general term for efforts by individuals, firms, trusts and other entities to evade taxes by illegal means. Tax evasion usually entails taxpayers deliberately misrepresenting or concealing the true state of their affairs to the tax authorities to reduce their tax liability, and includes, in particular, dishonest tax reporting (such as declaring less income, profits or gains than actually earned; or overstating deductions).
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