The term first appeared in the 1970s and has survived long enough to merit inclusion in the Oxford English Dictionary, which defines it thus: "The arrangement of one's financial affairs so as to avoid or minimise tax liability in such a way that it is not clear whether this constitutes lawful avoidance of tax or illegal tax evasion."
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Closing tax loopholes no laughing matter
Avoision.
The term first appeared in the 1970s and has survived long enough to merit inclusion in the Oxford English Dictionary, which defines it thus: "The arrangement of one's financial affairs so as to avoid or minimise tax liability in such a way that it is not clear whether this constitutes lawful avoidance of tax or illegal tax evasion."
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We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
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