TITLE

TAX AVOIDANCE OR TAX EVASION

AUTHOR(S)
Ramasamy, Ravindran; Ashari, Mohd. Khir
PUB. DATE
January 2010
SOURCE
UNITAR e-Journal;2010, Vol. 6 Issue 1, p64
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Tax may be perceived as an unwelcome factor in the life of any employee or businessman. Salaries or profits earned from investing great effort are subjected to tax deductions. The tax laws are not meant to be cruel and they do give ample opportunities for less tax to be paid by better tax planning. By understanding the tax laws, anyone can plan and avoid paying higher taxes. Many citizens have the misconception that when we reduce the tax bill, we are breaching the tax laws and may get entangled in legal action. But the tax laws encourage businessmen and employees to avoid tax and it is not illegal.
ACCESSION #
51444635

 

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