/tæks əˈvɔɪdəns/ – Phrase
Definition: việc tránh phải nộp thuế.
A more thorough explanation: Tax avoidance refers to the legal act of minimizing tax liability by using lawful methods to reduce taxable income or take advantage of tax incentives, deductions, and credits provided for in the tax code. It involves planning and structuring financial affairs in a way that complies with the letter of the law while seeking to pay the least amount of tax possible. Tax avoidance is distinguished from tax evasion, which involves illegal activities to evade paying taxes.
Example: Tax avoidance is the legal practice of arranging one’s financial affairs in a way that minimizes tax liability within the boundaries of the law.