The use of legally permissible means to reduce tax liabilities is known as tax?
ECONOMICS
JAMB 2020
The use of legally permissible means to reduce tax liabilities is known as tax?
- A. evasion
- B. avoidance
- C. relief
- D. exemption
Correct Answer: C. relief
Explanation
Tax relief is any government program or policy initiative that is designed to reduce the amount of taxes paid by individuals or businesses.
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