tax evasion

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tax evasion

reduction or minimization of tax liability by illegal methods
References in periodicals archive ?
Hence, under the constitution of Pakistan, levying tax on agriculture income is a provincial subject, a lacuna that almost every influential landlord and industrialist exploits to evade tax by claiming income from agriculture land.
He was working with Dolan, of Annaghmare Road, Newry, Northern Ireland, and Smith, of Ritherup Lane, Liverpool who received five years in prison each for conspiracy to fraudulently evade excise duty.
But police later found he gained weight on purpose to evade his military duty.
"This latest version of EVADE gives operators a valuable tool to improve the working environment for their miners."
The panel of experts analyzed sanctions, starting from the country's first nuclear test in 2006, and are checking how the country has been able to evade them.
The woman, who lived in a five-storey building on Trikoupis Street in the old town of Nicosia, had tried to evade a police check on Friday evening by jumping into an adjacent flat through a lightwell.
BEIRUT: Authorities foiled Tuesday a number of attempts to evade customs fees and smuggle illegal products into Lebanon, Finance Minister Ali Hasan Khalil said.
The United States on Friday sanctioned more than 25 businesses, banks and individuals, including a Turkish national and a Turkey-based aviation company, suspected of working to expand Iran's nuclear program, supporting terrorism and helping Iran evade US and international sanctions.
WASHINGTON Tue Apr 29, 2014 (Reuters) - The United States on Tuesday targeted companies from China and Dubai for allegedly helping Iran evade weapons and oil sanctions, a signal Washington will keep pressure on Tehran over its nuclear program.
The act reads "any person who wilfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony, and upon conviction thereof, shall be fined not more than $100,000, $500,00 in the case of a corporation, or imprisoned not more than five years, or both, together with the costs of prosecution".
6501(c)(1), which allows the IRS to assess a tax at any time in the case of a false and fraudulent return with the intent to evade tax.