Tag Archives: #TaxEthics

Is tax planning legal?

Is tax planning legal

                                                                              Is Tax Planning Legal Tax planning is a legitimate and legal practice used by individuals and… Read More »

What is difference between of Tax planning and Tax avoidance?

Tax planning and tax avoidance

                                                                                                              … Read More »

Do members of parliament pay income tax?

Members of parliament income tax

Do Members of Parliament Pay Income Tax?   When it comes to the financial aspects of public service, one common question arises: do Members of Parliament (MPs) pay income tax? The answer is a straightforward “yes.” MPs, like any other citizens, are subject to income tax on their earnings. Salary and Taxation The salary that… Read More »

What is the difference between tax avoidance vs tax evasion?

What is Tax Avoidance?   Tax avoidance involves legally structuring one’s financial affairs to reduce tax liabilities while staying within the law. It involves using various strategies and methods to take advantage of deductions, credits, exemptions, and other provisions in the tax code to reduce the amount of taxes owed. Characteristics of Tax Avoidance: Legal… Read More »