A gap scheme is a tax avoidance strategy exploiting inconsistencies between two sets of rules, such as corporate and personal tax codes. Typically used by high-income individuals or corporations, it shifts income into lower-taxed jurisdictions or classifications, reducing overall liability. Tax authorities and policymakers must monitor these schemes to close loopholes and ensure fair revenue collection.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends