Aggressive Tax Planning

It is possible to reduce your tax liability using legitimate tax planning, but not aggressive tax planning (ATP).

ATP with regards to income tax is a tax avoidance transaction (This link will open a new window) that consists in reducing the effective tax rate of a particular income to below the one sought by fiscal policy for such income.

Using ATP violates the principle that each person should contribute fairly to financing the State.

ATP includes:

• sheltering income and capital gains that should be reported
• creating tax deductions and losses that would not otherwise exist
• accessing tax credits and exemptions in an offensive manner