A report on Tax noncompliance, Tax and Tax evasion
Tax noncompliance (informally tax avoision) is a range of activities that are unfavorable to a government's tax system.
- Tax noncomplianceTax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others.
- Tax evasionThis may include tax avoidance, which is tax reduction by legal means, and tax evasion which is the criminal non-payment of tax liabilities.
- Tax noncomplianceThe first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner (non-compliance), along with evasion of or resistance to taxation, is punishable by law.
- TaxBoth tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that intend to subvert a state's tax system, but such classification of tax avoidance is disputable since avoidance is lawful in self-creating systems.
- Tax evasionThe more details of tax policy there are, the more opportunities for legal tax avoidance and illegal tax evasion.
- Tax1 related topic with Alpha
Tax avoidance
0 linksTax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law.
Tax avoidance should not be confused with tax evasion, which is illegal.
Both tax evasion and some forms of tax avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that are unfavourable to a state's tax system.