evasion of tax

evasion of tax

n. the intentional attempt to avoid paying taxes through fraudulent means, as distinguished from late payment, using legal "loopholes" or errors. (See: income tax, estate tax)

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Several arrests have been made and Durham kennel owner, Kevin Knox, 58, pleaded guilty to the fraudulent evasion of tax and VAT in March 2018.
As per the Terms of Reference (ToR) for the GoM, the panel will examine any other issue related to enforcement including the legal frame work, so as to prevent evasion of tax on lottery and suggest appropriate tax rate to address the problem.
Experts observe that there is a link between the crumbling education service and evasion of tax by local and multinational companies in Nigeria.
A week ago, the I-T Department issued the revised Income Tax Informants Reward Scheme, under which a person was eligible for up to Rs 1 crore as the reward for giving specific information for substantial evasion of tax and up to Rs 5 crore for Undisclosed Foreign Income and Assets.
The evasion of tax is one of the much perverted factors in the taxation system of Pakistan.
On the other hand the interior secretary showed the sale price of the plot as Rs 10 million during the process of registry of the plot for evasion of tax.
The Bill aims to make concealment of income and assets and evasion of tax in relation to foreign assets prosecutable with rigorous imprisonment up to 10 years.
Under the proposed law, concealment of income and assets and evasion of tax in relation to foreign assets will be prosecutable with rigorous imprisonment of up to 10 years.
"To this end, I propose to introduce a Bill in the current Session of the Parliament." As per the proposal, concealment of income and assets and evasion of tax in relation to foreign assets would be made a non-compoundable offence and would attract a penalty of 300 per cent.
The magistrate ruled that it was possible Messi "may have known about and consented to the evasion of tax".
However, Troup and Harra said they always investigate situations where evidence suggests there may be the avoidance or evasion of tax and would, if they saw it necessary, bring a prosecution.
Manama: July 1 -- (BNA)-- His Majesty King Hamad bin Isa Al Khalifa has issued Law No.: 16 for the year 2013 for ratification of an Agreement between the Kingdom of Bahrain's Government and the Government of Barbados regarding non-dual taxation or evasion of tax imposed on income.