Practice question
What distinguishes lawful tax avoidance from tax evasion?
- Avoidance uses means sanctioned by law
- Avoidance necessarily uses false invoices
- Evasion is always authorized by a contract
- Avoidance requires hiding all income
- Evasion means any reduction in tax
Legal references
- CIR v. Estate of Toda, G.R. 147188, September 14, 2004: https://lawphil.net/judjuris/juri2004/sep2004/gr_147188_2004.html
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