Final answer:
The beneficial strategy for accelerating tax deductions without accelerating cash outflow is Tax minimization, which legally reduces tax liability. It is distinct from tax evasion, which is illegal, and is often utilized alongside fiscal policy to optimize tax payments.
Step-by-step explanation:
When a taxpayer is able to accelerate a tax deduction without accelerating the cash outflow, the strategy that will typically be beneficial is Tax minimization. This strategy revolves around legally reducing your tax liability through various deductions and credits.
By accelerating deductions, a taxpayer can defer paying taxes to a later period which may involve paying at a lower rate or benefiting from the time value of money.
Tax avoidance is also a legal means to reduce taxes, but it is a broader concept that includes planning and structuring transactions to reduce tax liability.
Conversely, tax evasion is the illegal practice of not paying taxes by concealing income or information from tax authorities.
Hence, it is important to distinguish between legal tax planning strategies and illegal activities. Lastly, companies and individuals can adopt legitimate strategies suggested by fiscal policy to stabilize their tax obligations and benefit the overall economy.