Economics · Income Tax

Which of the following statements are correct with regard to tax avoidance? A. Tax avoidance is a legitimate arrangement of affairs in such a way so as to minimize tax liability. B. There is an element of malafide motive involved in tax avoidance. C. Tax avoidance takes into account the loopholes of law. D. Tax avoidance is an intentional attempt to avoid payment of tax after the liability to tax has arisen. E. Tax avoidance is the same as tax omission. Choose the correct answer from the options given below: