Definitions from the Web
Tax Evasion
Description:
Tax evasion refers to the illegal act of intentionally avoiding paying taxes that are owed to the government. It involves using deceptive tactics to hide income, assets, or profits in order to reduce tax liability.
Sample Sentences:
- He was arrested for tax evasion after it was discovered that he had been underreporting his income for years.
- The businessman resorted to tax evasion by setting up offshore accounts to hide his substantial wealth.
- Prosecutors worked diligently to gather evidence against the organized crime gang involved in massive tax evasion schemes.
- The court imposed hefty fines as punishment for the celebrity's tax evasion, sending a strong message to others.
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