The phrase "avoiding income" is correct and usable in written English.
It can be used in contexts discussing financial strategies, tax planning, or economic behavior where one seeks to minimize or evade income generation.
Example: "The company's strategy focused on avoiding income to reduce its tax liabilities."
Alternatives: "minimizing earnings" or "evading revenue".
At the heart of the tax-saving claims are controversial loans which companies can make to an individual rather than paying them a salary, thereby avoiding income tax.
Short-term life-insurance policies, paid by the employer, for example, used to be a neat way of avoiding income and payroll taxes.
Also, if you save money in a flexible spending account for health care expenses, 2013 will bring a $2,500 cap on what you can set aside each year while avoiding income taxes.
And it comes on top of the extraordinary revelations from the Senate committee on tax avoidance, which – Sam Dastyari, its Labor chair, now says – may reconvene to take evidence on what the Panama Papers tell us about high-wealth individuals avoiding income tax.
Specifically, the Senate panel plans to use the records to determine, among other things, whether Enron "used tax shelters for legitimate purposes or set them up solely for the purposes of avoiding income taxes," said Michael Siegel, a spokesman for the committee.
An informant at Castle confirmed to the IRS that the bank really operated from the U.S. and that its customers kept Chicago accounts set up in Castle's name, withdrawing cash while avoiding income taxes.
The now infamous K2 tax avoidance scheme, which Carr used to avoid income tax, was based in Jersey, which is a crown dependency.
By doing so, the companies avoid income taxes.
Many Vietnamese hoard their money to avoid income taxes, and because they do not trust banks.
This transaction avoids income tax, gift tax and estate tax, Mr. Leibell said.
But Deloitte devised a scheme to enable bankers to avoid income tax and national insurance contributions on £91m of bonuses.
