Quote:
Originally Posted by Enoch Root
No, it isn't semantics - tax avoidance is a crime.
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I would say tax evasion is illegal, but there's technically nothing wrong with tax avoidance (legally). Ethically it may or may not be wrong. But really, how is it the fault of the user to utilize loopholes to their favour? Is it not the government's duty to make sure these loopholes are closed? I think people blur the line between avoidance and tax minimization though, which I guess can confuse people (me being one of them).
I know I try to minimize my taxes annually utilizing the tools given to me (ie. taking advantage of all the tax deductions, RRSP deferrals, etc.) In Mathgod's eyes, it seems like if I were a millionaire / billionaire doing that rather than just the average Joe Blow, I'd be doing something wrong.