Sentence examples for constitutes tax from inspiring English sources

"This constitutes tax evasion, illegal transfer of money abroad and a violation of foreign exchange regulations".

On Thursday, HMRC estimated that, under its definition of what constitutes tax avoidance, £5bn had been lost last year — the same amount as for 2009-10.

While it is legal for Americans to own foreign banks accounts, not declaring their contents to the I.R.S. constitutes tax evasion.

Mixed-use projects, like shopping centers that also include church buildings, can make it difficult to determine what constitutes tax-exempt ministry work, which is granted exemptions from property and unemployment taxes, and what is taxable commerce.

Virgin Care said its ownership by a British Virgin Islands parent company does not constitute tax avoidance, pointing out that the reason it does not pay tax here is that it is lossmaking.

But where arrangements are artificial, where they are contrived and designed for the purpose of reducing the national insurance contributions liability of the employer or the employee or both, then those artificial arrangements do constitute tax avoidance and that is something HMRC will and should take seriously.

The material contained herein is for informational purposes only and does not constitute tax or legal advice.

A GAAR is aimed at deterring abusive tax avoidance - as opposed to tax evasion - schemes by reducing legal uncertainty around what constitutes aggressive tax avoidance and what constitutes legitimate tax planning.

In Britain, it may be true that the top 1% pays a third of all income tax, but income tax constitutes only 25% of tax revenue: 45% comes from VAT, excise duties and national insurance paid by the mass of the population.

Beyond that outrage is Mr. Norquist's parsing of what constitutes a "tax increase".

Part of the disagreement between the candidates has to do with the semantics of what constitutes a tax increase.