avoidance


avoidance
avoid a‧void [əˈvɔɪd] verb [transitive] TAX LAW
if you avoid tax, you manage to not pay it legally, for example by the way that you enter profits or losses into your accounts:

• Investing in this way allows savers to avoid tax upon withdrawal.

— compare evade
— avoidance noun [uncountable] :

• There is a very thin line between tax avoidance and tax evasion.

* * *

avoidance UK US /əˈvɔɪdəns/ noun [U]
the practice of avoiding something: »

Health insurance companies who have been showing very healthy profits have engaged in very serious risk avoidance.

avoidance of sth »

The state requires that employers instruct employees in the recognition and avoidance of unsafe conditions.

See also TAX AVOIDANCE(Cf. tax avoidance)

Financial and business terms. 2012.

Look at other dictionaries:

  • avoidance — I (cancellation) noun abrogation, annulling, annulment, cancelling, cessation, discontinuation, dismissal, invalidation, making useless, nullifying, quashing, removal, rendering void, rescission, setting aside, vacating, vacation, voidance… …   Law dictionary

  • Avoidance — may refer to* Avoidance (novel) *avoidance behavior *conflict avoidance *procrastination *Australian Aboriginal avoidance practices …   Wikipedia

  • Avoidance — A*void ance, n. 1. The act of annulling; annulment. [1913 Webster] 2. The act of becoming vacant, or the state of being vacant; specifically used for the state of a benefice becoming void by the death, deprivation, or resignation of the incumbent …   The Collaborative International Dictionary of English

  • avoidance — The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption claimed in the bankruptcy. Most judgment liens that have attached to the debtor s home can be avoided if the total of the …   Glossary of Bankruptcy

  • avoidance — (n.) late 14c., action of emptying, from AVOID (Cf. avoid) + ANCE (Cf. ance). Sense of action of dodging or shunning is recorded from early 15c.; it also meant action of making legally invalid, 1620s; becoming vacant (of an office, etc.), mid 15c …   Etymology dictionary

  • avoidance — [n] eluding; preventing absention, circumvention, delay, departure, dodge, dodging, elusion, escape, escapism, eschewal, evasion, flight, forbearance, nonparticipation, parry, passive resistance, prevention, recession, recoil, restraint, retreat …   New thesaurus

  • avoidance — [ə void′ ns] n. 1. the act of avoiding, or shunning something 2. the act of making void; annulment …   English World dictionary

  • Avoidance — (Roget s Thesaurus) >Absence of pursuit. < N PARAG:Avoidance >N GRP: N 1 Sgm: N 1 abstention abstention abstinence Sgm: N 1 for bearance for bearance Sgm: N 1 refraining refraining &c. >V. Sgm: N 1 inaction inaction &c. 681 …   English dictionary for students

  • avoidance — avoid·ance ə vȯid ən(t)s n, often attrib the act or practice of keeping away from or withdrawing from something undesirable <reinforced by escape or avoidance of electric shock (E. S. Katkin & E. N. Murray)> <avoidance learning> esp… …   Medical dictionary

  • avoidance — a|void|ance [əˈvɔıdəns] n [U] the act of avoiding someone or something avoidance of ▪ the avoidance of issues such as domestic violence ▪ a tax avoidance scheme (=legal way of not paying tax) …   Dictionary of contemporary English


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