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 ?
It is expected that more cases of tax evasion will now be taken to the criminal courts.
In the first file, the accused are charged with nine counts relating to tax evasion amounting to Sh17 billion.Detectives had been hunting for the businessman after the Director of Public Prosecution, Mr Noordin Haji, ordered his arrest alongside eight others on claims of tax evasion amounting to more than S1 billion by Africa Spirits and Wow Beverages in Thika.
In a note to commercial banks, the apex bank said that they need to check whether their customers are innocent of tax evasion. Suspicious clients can be refused an account, the bank said.
Firstly, tax evasion in corporate sector of Pakistan can be reduced by decreasing corporate tax rates.
Pacala added, "tax evasion on a criminal level is much more serious and can result in hefty fines and prison time.
'More breakthroughs are expected in some other high profile cases involving billions of sales tax evasion,' the official said.
If tax evasion among doctors is so widespread why has the Anastasiades government, that has been in power for almost six years, done nothing about it?
Agency for International Development (USAID), on Tuesday organized a workshop on combatting tax evasion and enhancing tax management.
Rappler's Maria Ressa posts bail for tax evasion !-- -- (The Philippine Star) - December 12, 2018 - 12:00am MANILA, Philippines Rappler Holdings Corp.
Malacanang on Monday said that the issuance of an arrest warrant against online news site Rappler's chief executive officer Maria Ressa for alleged tax evasion is not politically motivated.
In documented economies, the biggest crime against state is tax evasion, because foundations on which modern state is built and functions stands eroded if taxes are not paid.
classified as tax planning and tax evasion -- two starkly different systems that businesses must be aware of.
Summary: Bank Audi said Wednesday that the Lebanese authorities can close the country's fiscal gap if they combat tax evasion, which the bank estimated at $5 billion.
Tax evasion imposes economic costs: it slows down economic growth by weakening the government's ability to provide adequate public goods (Johnson et al., 2000); it diverts resources to unproductive activities such as establishing financial subsidiaries to cover-up evasion (Slemrod, 2007); it provides an incentive for firms to remain small and invisible to facilitate evasion, thereby missing opportunities from the formal economy (Nur-tegin, 2008); and it generates inequity between the evaders and the honest taxpayers by shifting the burden to the latter group, thereby creating an incentive for further evasion (Feinstein, 1991).
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