6 ways to escape taxation
The six (6) basic ways of escaping taxation are:
[1] Shifting of the burden of the tax;
[2] Capitalization;
[3] Avoidance;
[4] Transformation;
[5] Exemption; and
[6] Evasion.
Note that, under [1], the tax is not shifted but the burdent. Also, [6] is illegal and punishable.
[1] Shifting of the burden of the tax;
[2] Capitalization;
[3] Avoidance;
[4] Transformation;
[5] Exemption; and
[6] Evasion.
Note that, under [1], the tax is not shifted but the burdent. Also, [6] is illegal and punishable.