Evasion of tax

{
  "id": "MLC-T-LAW-001941",
  "term": "Evasion of tax",
  "field": "Law",
  "definition": "The illegal act of deliberately misrepresenting or concealing income, assets, or other financial information to avoid paying taxes owed to a government entity. This involves fraudulent activities such as underreporting income, overstating deductions, or hiding assets. Tax evasion is a criminal offense punishable by fines and imprisonment under tax laws like the Internal Revenue Code.",
  "url": "https://mlchart.com/terminology/law/evasion-of-tax/"
}