Tax Profiteering

Tax profiteering occurs when individuals or businesses exploit tax laws and loopholes to minimize their tax liabilities, often through aggressive financial strategies. This can include strategies like shifting profits to low-tax jurisdictions, using complex financial instruments, or claiming excessive deductions. While some actions may be legal, they can undermine the tax system's fairness and efficiency, leading to revenue loss for governments. The term highlights a growing concern about whether the wealthy and corporations pay their fair share of taxes, potentially shifting the tax burden to those less able to afford it.