What is the difference between tax avoidance and tax evasion?


Business and Economics Editor
What is the difference between tax avoidance and tax evasion?

Gulf kingdom could deplete financial assets within five years as it struggles with slumping oil prices.

Here are six key points on the never-ending debate on China’s GDP growth, which has slowed down in the third quarter.

Beijing, reluctant to see its economic growth succumb to greed of Wall Street, spent almost $600bn propping up economy.

Decision could jeopardise China’s chances of seeing the yuan become a global reserve currency.

Economies already decimated by austerity are being asked to take more painful actions.

Ghassan Chehayeb, the founder of Sancta Capital, speaks to Abid Ali about King Abdullah’s economic legacy.

Russia’s central bank failed to kick start the economy, and Russia’s people will pay a heavy price.

European plane maker’s value drops by $5b after losing customer orders due to production delays and construction issues.

Off the island’s shores lies what looks like 60 trillion cubic feet of gas, which could mean the end of its troubles.
