Definition of tax avoidance in US English:
 tax avoidance
nountaks əˈvoidnstæks əˈvɔɪdns
The arrangement of one's financial affairs to minimize tax liability within the law.
Compare with tax evasion
 Example sentencesExamples
-  They've clamped down on some traditional ways of tax avoidance.
 -  Tyco International's acquisition accounting and offshore tax avoidance practices are also under scrutiny.
 -  New rules to tackle tax avoidance using personal service companies and similar intermediaries were published today.
 -  In doing so, the individual takes account of personalised needs, maximum tax avoidance, investment options, and so forth.
 -  The chancellor has already clamped down on tax avoidance by targeting complex arrangements, such as double trusts.