What is tax avoidance?

"Tax avoidance" is the attempt to pay less tax through legal methods. Although it is legally permitted, this does not automatically mean that tax avoidance is ethically justifiable. Loopholes in legislation and tax treaties are often used to minimise the tax burden.

A well-known quote about this is: "The difference between tax avoidance and tax evasion is the thickness of a prison wall." This underlines that tax avoidance may be legal, but is often morally debatable.

Tax avoidance directly relates to issues of fairness and responsibility, especially in a time where growing wealth inequality and the importance of contributing to society are central.

With Vive, tax avoidance is not possible. We have a direct connection with the tax authorities for every person who has invested in a Vive pension or wealth management. In this way, we remain completely transparent as an organisation.