In the June 2012 Taxcast: celebrity tax avoidance, Greece’s missing billions, what should have been on the G20 agenda and trade mispricing – the tricks of the corruption trade.
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Tax evasion is an illegal – usually criminal – activity, by which a taxpayer escapes tax through deception. Tax avoidance, on the other hand, means getting around (or avoiding) the spirit of the law without actually breaking the law. There is a large grey area between the two poles of avoidance and evasion.