Discuss the possible reasons for tax evasion

Assignment Help Taxation
Reference no: EM13501973

1. Why citizens need to pay taxes? Discuss your answers. Include in your discussion the various views that bothering the citizens. 

2. Despite having fair share of paying taxes, tax evasion is something should not be tolerated. Distinguish between tax evasion and tax avoidance.

3. Discuss the possible reasons for tax evasion. Include some examples in your discussions.

4. Explain the tax offences and penalties available in this country. Include in your discussion the relevant legislations and case laws that might relevant for your discussion.

5. Discuss the tax audits and investigations undertaken by Inland Revenue Board and other statutory authorities in combating the tax evasion.

6. Critically analyze whether the tax evasion tantamount to corruption. Hint: You may agree or disagree

Reference no: EM13501973

Questions Cloud

What is the energy density in this electric field : At a distance of several kilometers from a radio transmitter, the electric field of the emitted radio wave has a magnitude of 0.12 V/m at one instant of time
What is the average rate of energy deposition in the beef : Ground beef may be irradiated with high-energy electrons from a linear accelerator to kill pathogens. What is the average rate (in W) of energy deposition in the beef
Define dissolution of silver chloride in aqueous ammonia : In terms of ionic equilibria and solubility product theory, explain dissolution of silver chloride in aqueous ammonia and reprecipitation with nitric acid
Explain the energy of the electron in the isolated hydrogen : Which of the following experimental observations best justifies Bohr's assertion that the energy of the electron in the isolated Hydrogen atom is restricted to certain allowed values (quantized)
Discuss the possible reasons for tax evasion : Despite having fair share of paying taxes, tax evasion is something should not be tolerated. Distinguish between tax evasion and tax avoidance
Calculate the damped frequency of the resulting circuit : A 2.10-µF capacitor was fully charged by being connected to a 12.0-V battery. Calculate the damped frequency of the resulting circuit
Why does panel a have higher gross and net profit rates : Why does Panel A have higher gross and net profit rates than panel B? Make sure to use the case study and your profit statements to support your discussion.
State concentration of a reactant in a second-order reaction : It takes 24.0 min for the concentration of a reactant in a second-order reaction to drop from 0.40 M to 0.30 M. What is the rate constant (in min-1) for this reaction
What must the power of the lens : Suppose the distance from the lens system of the eye (cornea + lens) to the retina is 18 mm. What must the power of the lens be when looking at distant objects

Reviews

Write a Review

Taxation Questions & Answers

  A clarify the role of the generations skipping transfer

a. clarify the role of the generations skipping transfer tax.b. in each of the independent situations below evaluate

  Possible problems with your tax agents licence

You will also need to consider the liabilities that arise because of the specific laws that cover tax agents. This would include liability to Pamela and any possible problems with your tax agents licence.

  An income tax to a national sales tax on sales of goods

Suppose the United States were to convert its tax system from an income tax to a national sales tax on sales of goods and services.

  Net amount of costs for the department

The human resources department costs are owed using the direct method and based on the number of employees, and the net amount of costs for the department is $187,000.

  Ward owns 50 percent of teal company a calendar year

ward owns 50 percent of teal company a calendar year partnership. for tax year 2010 the partnership reported ordinary

  Tax return and partnership return

The Rowdy Fun is a limited partnership and was formed on June 1, 2005, by Thomas Kyle, its general partner, and two other limited partners when they each contributed an equal amount of cash to start the new enterprise.

  Advise gordon and pamela about capital gains

Advise Gordon and Pamela about capital gains and income tax consequences and any effect that their son's tax treatment of the payment will have on them. You should discuss possible discounts and exemptions that may be available to them.

  Calculate the taxable income and tax payable

CALCULATE the TAXABLE INCOME and TAX PAYABLE of John for the year ended 30 June 2014.

  From original question journal entriesnote none are simply

from original question journal entriesnote none are simply trading securities all have a specific name that coordinates

  What are the u.s. tax consequences of liquidation

What are the U.S. tax consequences of liquidation for Winco and what is the maximum amount of income that Acme can allocate to its IC-DISC? (Assume combined taxable income equals the $400 of net income from qualifi ed export receipts.)

  Comparisons of operating and sales type leaseson january 1

comparisons of operating and sales type leaseson january 1 2013 nelson company leases get property to queens company at

  Explain the purpose of a flexible budget

Suppose a manager claims flexible budgets are useful because costs are difficult to predict and flexibility is needed to modify budgeted costs as input prices change.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd