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How do businesses avoid taxes legally?

Posted by jobseeker Lavanya Bhardwaj | Approved
Answers (1)

Businesses legally avoid taxes by claiming deductions, using tax credits, and writing off depreciation to reduce taxable income.
They may also shift profits to subsidiaries in low-tax countries or defer income to future years.
Incorporating in tax-friendly jurisdictions is another common method.
These practices are legal and fall under tax avoidance, not evasion.

Answered by jobseeker Krish Chandna | Approved

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