tax evasion


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tax evasion

reduction or minimization of tax liability by illegal methods
References in periodicals archive ?
He called for countries to work together to 'clamp down on tax avoidance.' In a second initiative, Keir Starmer, the director of public prosecutions has said that the need to 'deter, detect and prosecute' tax evasion' is greater now given our economic climate.
The present study focuses specifically on tax evasion, a subtopic within the field of public finance that is seldom discussed other than in passing.
Mr Kariuki, who was charged with tax evasion, is said to have jetted into the country Monday morning, more than a week after an arrest warrant was issued against him.The prosecution has presented three files.
"Scrutiny of bank transactions shows that cases of tax evasion worth 240 trillion rials (app.
The Denmark central bank has called on banks to check their customers for tax evasion.
Another reason behind tax evasion is that the FBR has failed to ensure that all the firms filed their returns.
Fauji Kabeerwala Power Rs270m, FFC Energy Rs30m, Foundation Power Company Rs130m, Attock Refinery Rs20m and TNB Liberty Power involved in tax evasion of worth Rs130m.
33rd Street Bail Bonds recently launched their online guide located at http://bailorlando.com/tax-evasion-money-laundering/ that discusses penalties and jail time defendants can face if charged with money laundering or tax evasion. In the online guide consumers can read more about different scenarios that can be classified as money laundering.
The statutory regulatory order (SRO) 116, which allowed DG I and I to conduct investigation into sales tax evasion, was declared illegal in a Lahore High Court (LHC) judgment in July 2017.
In the interview, Anastasiades suggested doctors might not want to join Gesy because their incomes would be monitored, implying that they were involved in tax evasion. He called on doctors to submit their tax declarations of the last seven years so "they could be rewarded accordingly within the Gesy framework." The alleged refusal of private doctors paying their full tax dues has been declared the main obstacle to Gesy, under which they would be unable to hide their incomes.
Tax evasion causes a serious burden for fiscal deficit in Pakistan, and continuing evasion, despite the constant amnesty schemes, must be taken very seriously.

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