tax evasion

Definition

Illegally avoiding paying taxes, failing to report, or reporting inaccurately. The government imposes strict and serious penalties for tax evasion. Tax evasion is different from tax avoidance, which is making use of legal methods to minimize a tax burden.

Use tax evasion in a sentence

The tax evasion charge was not taken lightly as the new team of accountants went through all of the records.

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Our company's CEO was arrested last week for failing to report all of his income from other sources and was charged with tax evasion.

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After the police showed up at his home to arrest him, Jack realized that his delinquency would be considered tax evasion by the courts.

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