Your SlideShare is downloading. ×
Tax avoidance
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Tax avoidance

813
views

Published on

What is the difference between tax evasion and tax avoidance? Here's a brief introduction. …

What is the difference between tax evasion and tax avoidance? Here's a brief introduction.

This presentation is for information only and should not be considered advice.

Published in: Technology, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
813
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
23
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. What is the difference between tax evasion and tax avoidance?
  • 2. My name is Pete Murphy,Managing Director of RockPrivate Office. We are aninternational wealthmanagement practicelocated in Shanghai.
  • 3. So, what is the difference?
  • 4. Tax evasion can bedefined as efforts byindividuals, companies,trusts, and other legalentities to illegallyevade payment of taxes.
  • 5. Whereas, tax avoidance is using the law toone’s own advantage to reduce liability fortaxation. Tax avoidance is perhaps better andcommonly described by professionals as taxmitigation .
  • 6. An early example of this in England and Wales was to fill in windows to avoid paying the ‘window tax’ introduced as a wealth tax in 1696.
  • 7. Even the United States Supreme Court has stated:‘The legal right of an individual to decrease theamount of what would otherwise be his taxes oraltogether avoid them, by means which the lawpermits, cannot be doubted’.
  • 8. Tax mitigation is clearly not only legitimate butshould be considered a key component of yourfinancial planning.Benefits can be maximised with careful considerationto your nationality and tax domicile, your currentresidence, double taxation treaties, banking, assets,and investments. The principles apply to bothindividuals and companies.
  • 9. This presentation is forinformation only andshould not beconsidered advice.Contact me on:+86 147 8237 1084