Quote by Denis Healey
The difference between tax avoidance and tax evasion is the thickness of a prison wall.
Summary
This quote emphasizes the distinction between tax avoidance and tax evasion, highlighting the potential consequences of each. Tax avoidance refers to legal methods employed to minimize tax liabilities, whereas tax evasion involves illegal activities aimed at evading taxes. The quote suggests that while tax avoidance may be within the boundaries of the law, engaging in tax evasion can lead to imprisonment. It underscores the importance of understanding and abiding by tax laws to avoid severe penalties, implying that the margin between legal strategies and criminal actions can be very thin.
Topics
Taxation
By Denis Healey
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