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Tax evasion
01
skatteflykt, skatteundandragande
the illegal acts done to pay less tax than what is owed or to avoid paying taxes altogether
Example
The wealthy businessman was convicted of tax evasion after it was discovered that he had hidden millions of dollars in offshore accounts.
Tax evasion deprives governments of vital revenue needed to fund essential services such as education, healthcare, and infrastructure.
The government implemented stricter penalties for tax evasion in an effort to deter individuals and corporations from engaging in fraudulent tax practices.
