Economics · Economics
What is tax avoidance?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Illegally evading tax payments.
- 2Legally minimizing tax liability by using loopholes in the law.✓
- 3Failing to report income to avoid taxes.
- 4Paying taxes late.
Correct answer
Legally minimizing tax liability by using loopholes in the law.
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