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Tax Avoidance Definition - The arrangement of ones financial affairs to minimize tax liability within the law, considered unethical, Tax Evasion Definition - The illegal non-payment or underpayment of tax, Tax Planning Definition - Legal ways of reducing tax which are condoned my parliament, Tax Avoidance Example - The Queen, Tax Evasion Example - Al Capone, Tax Planning Example - ISA's and Pension Schemes,

Tax Evasion, Avoidance and Planning

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