This document discusses various topics related to tax planning including tax evasion, tax avoidance, tax planning, tax management, the need for tax planning, and limitations of tax planning. It defines key terms such as tax evasion as illegally avoiding tax liability, tax avoidance as legally minimizing tax liability, and tax planning as arranging one's affairs to reduce tax liability. The document notes the importance of tax planning to save tax, defer liability, and gain incidental benefits, but also limitations such as complexity that may require expert advice or lead to litigation.