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tax evasion

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

tax evasion

Failure to meet tax liabilities by illegal action, such as not declaring income. Tax evasion is a criminal offence.



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INQUIRY Soccer boss charged on tax evasion PREMIER League boss Peter Storrie was charged with tax evasion yesterday.
Global efforts to end offshore tax evasion have never been stronger; we look forward to working with other nations to act against tax evasion and protect public finances and our financial systems.
The out of court settlement between Swiss banking giant UBS and the US government over tax evasion is due to be signed in the United States on Wednesday, a source close to the matter said.
 
 
 
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