Is it true most companies evade taxes? ?
- curtisports2Lv 72 months ago
No. Almost every company and many individuals do things to avoid paying taxes. Tax avoidance is legal. Tax evasion is not.
- Coffee DrinkerLv 72 months ago
Tax evasion is a crime. If MOST companies were evading taxes then MOST CEO's and corporate accountants would be in jail.
Avoiding taxes by using legal deductions and accounting techniques to manage how much tax is legally owed and paying only what is owed is perfectly legal.
- SlickterpLv 72 months ago
No, they AVOID taxes, by taking legal deductions, etc.
- Christin KLv 72 months ago
Actually no--if that were true we would not have much of an economy. Tax evasion is illegal--but tax loopholes, shelters, and minimalization is not. However, businesses and corporations pay a lot more taxes than people do.
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- garryLv 42 months ago
its called tax minimalising , its legal , tax evading is illegal . big difference .
only pay what you really have to , not blattantly not paying tax .
- mercedesLv 72 months ago
They try to minimize taxes and may be overly aggressive but evasion is a very different animal
- JudyLv 72 months ago
- RickLv 62 months ago
they don't pay any MORE then they have to, but 'evade', no ............
- Anonymous2 months ago
Criminal evasion? No.
Do they use tax reduction strategies that are likely to be deemed legal in a court of law? Of course.
- LiliLv 72 months ago
They don't "evade" them. They find legal loopholes that allow them to keep their tax burden as low as possible.