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tax evasion
tax
ˈtæks
tāks
e
ɪ
i
va
veɪ
vei
sion
ʒən
zhēn
/tˈaks ɪvˈeɪʒən/

Definition & Meaning of "tax evasion"in English

Tax evasion
01

the illegal acts done to pay less tax than what is owed or to avoid paying taxes altogether

Examples
The wealthy businessman was convicted of tax evasion after it was discovered that he had hidden millions of dollars in offshore accounts.
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