tax evasion

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  • noun

Words related to tax evasion

the deliberate failure to pay taxes (usually by making a false report)

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References in periodicals archive ?
Sources said that many account holders evade taxes and the banks have refused to share details of their assets with the tax collecting body, which is likely to miss the target of over Rs2.
It is wrong, however, to use these entities to evade taxes.
According to police, Minami Nippon Ham conspired with Kenji Nose, the head of a Canadian meat exporting firm, to evade taxes by abusing a taxation system that allows lower import duties on premium pork.
The underground economy, the shadow economy where transactions are informal and made in cash to evade taxes, has apparently been growing in many countries in the last half century.
taxpayers holding these cards solely to evade taxes, as such cards can provide easy access to offshore funds and accounts in bank-secrecy or tax-haven countries that allow income to be concealed from U.
District Judge Edward Rafeedie to one count of mail fraud, one count of conspiracy to evade taxes, and one count of filing a false tax return.
Chief reporter Charlie Bird said the Mayo TD had encouraged retired farmer James Howard to evade taxes while she was working for the National Irish Bank.
A spokesman for DaimlerChrysler's Japan unit told the Mainichi the firm did not evade taxes and does not face any tax problems.
Lasker after previously pleading guilty to three felony counts arising out of a scheme by which she unlawfully provided a co-conspirator, Albert Snow, with IRS Employer Identification Numbers that were later used by others to hide income from the IRS and evade taxes.
Offshore havens allow rich people and businesses to evade taxes.
First, the regulations improperly proceed from the assumption that a business enterprise's decision to hold trademarks and other intangibles in separate companies must be motivated not by legitimate business purposes but by a desire to evade taxes.
If businesses and professionals did not constantly seek to evade taxes, schools might have enough money to try to offset the rotten living conditions of the children of the urban poor.
The bank has already agreed to pay USD400m to the Department of Justice and New York state to settle two separate investigations into whether the bank helped its US clients to evade taxes.
The former UBS global wealth management chief Raoul Weil was arrested in Italy for allegedly helping wealthy American clients, with $20bn in assets, to evade taxes in US between 2002 and 2007.
He also added that it is 'ethically wrong' for any corporation to evade taxes.