Tax Management and Tax Evasion represent an intrinsic element of economic turnover, an area of interest both to the institutional and to the real spheres of national economy. It needs to be said openly that a specific kind of tax engineering flourishes now, in the days of all-pervasive globalisation, when tax burdens impact the overall productivity of production factors, but very often relate to only non-tangible and legal values. Such schemes are devised as a rule by large multinational corporations, which develop international tax strategies adapted to the profile of conducted economic activity; other enterprises follow suit with their strategies. The aim is, of course, such reduction of tax liabilities, using legal means, which will allow for retaining the largest possible profit in the overall profit & loss account, allowing for presentation of the best possible financial result.

Kiran Asthana (PhD) born on 17th January, 1973 in Jaipur, Rajasthan. She has completed her M.Sc in Clothing and Textiles. She finished MBA from one the best B-Schools in Bangalore, holds a Doctorate degree in HR. She is currently working as an assistant professor of fashion technology and textiles at Jaipur. She has attended and presented numerous papers at national and international conferences. She has been actively involved in corporate training in marketing and business communication in renowned companies.