You are Head of Tax in a Financial Institution. Your Chief Financial Officer urges you to reduce the tax burden by applying some legal tricks. As a result, you could reduce the banks taxation rate from 30% to 0.5%.

Your Chief Executive Officer is not convinced about this idea. He asks you to give him an ethical judgement (pros and cons) of this case of tax avoidance.

1. Short distinction between tax evasion and tax.

2. Explanation of the pros and cons of tax avoidance from an ethical point of view. Use at least 3 different ethical principles in your arguments. (900 words)

3. Conclusion with your own opinion about the tax avoidance and give your CEO a clear judgment.