Each year we get reminders from the tax people, the chartered accountant or the employer that it is the time of the year to plan your taxes. In all likelihood, your reaction isn’t going to be like somebody just gifted you something precious. Let’s face it ‐ most of us are resistant to paying taxes, and at some point in […]
Tax avoidance simply means that you structure your businesses in such a manner that you pay less tax than you would pay otherwise, and thus it is absolutely legal. However, configuring has to be done lawfully. By using illegal means reducing your tax liability is Tax Evasion. Illegitimate means are making untruthful refundable credits, announcing untrue income or deductions. Any […]