Abusive Tax Schemes

Abusive tax schemes refer to illegal methods that individuals or businesses use to avoid paying taxes, often by exploiting loopholes or misrepresenting financial information. These schemes can include tactics like hiding income, inflating deductions, or using complex transactions to mislead tax authorities. The goal is to reduce the tax burden unfairly. Tax evasion, which is a crime, can lead to severe penalties, including fines and imprisonment, as governments actively pursue those who engage in such practices to ensure fair tax compliance.