Quote:
Originally Posted by malvolio
No. Avoidance is reducing tax by any method not explicitly prohibited by statute. Evasion is doing it by any method that is prohibited by statute. Simple, really.
Snag is, the typical IOM scheme is prohibited by statue, except some people didn't spot the detail, or chose to either ignore or reinterpret it
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well I guess the difference is that an avoidance scheme is one you THINK is legal.