Tax Avoidance And Tax Evasion
Tax noncompliance is a range of activities that are unfavorable to a government's tax system. This may include tax avoidance, which is tax reduction by legal means, and tax evasion which is the illegal non-payment of tax liabilities. The use of the term "noncompliance" is used differently by different authors. Its most general use describes non-compliant behaviors with respect to different institutional rules resulting in what Edgar L. Feige calls unobserved economies. Non-compliance with fiscal rules of taxation gives rise to unreported income and a tax gap that Feige estimates to be in the neighborhood of $500 billion annually for the United States. In the United States, the use of the term 'noncompliance' often refers only to illegal misreporting. Laws known as a General Anti-Avoidance Rule (GAAR) statutes which prohibit "tax aggressive" avoidance have been passed in several developed countries including the United States (since 2010), Canada, Australia, New Zealand, Sout ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Tax Avoidance
Tax 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. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Forms of tax avoidance that use legal tax laws in ways not necessarily intended by the government are often criticized in the court of public opinion and by journalists. Many businesses pay little or no tax, and some experience a backlash (sociology), backlash when their tax avoidance becomes known to the public. Conversely, benefiting from tax laws in ways that were intended by governments is sometimes referred to as tax planning. The World Bank's World Development Report 2019 on the future of work supports increased government efforts to curb tax avoidance as part of a new social contract focused on human capital investments and expanded social protection. "T ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Actus Reus
In criminal law, ''actus reus'' (; : ''actus rei''), Latin for "guilty act", is one of the elements normally required to prove commission of a crime in common law jurisdictions, the other being ("guilty mind"). In the United States, it is sometimes called the '' external element'' or the ''objective element'' of a crime. Etymology The terms ''actus reus'' and ''mens rea'' developed in English Law are derived from a principle stated by Edward Coke, namely, ''actus non facit reum nisi mens sit rea'', which means: "an act does not make a person guilty unless (their) mind is also guilty"; hence, the general test of guilt is one that requires proof of fault, culpability or blameworthiness both in thought and action. Act In order for an ''actus reus'' to be committed there has to have been an act. Various common law jurisdictions define act differently but generally, an act is a "bodily movement whether voluntary or involuntary." In '' Robinson v. California'', , the U.S. Supreme C ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The UK includes the island of Great Britain, the north-eastern part of the island of Ireland, and most of List of islands of the United Kingdom, the smaller islands within the British Isles, covering . Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the UK is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. It maintains sovereignty over the British Overseas Territories, which are located across various oceans and seas globally. The UK had an estimated population of over 68.2 million people in 2023. The capital and largest city of both England and the UK is London. The cities o ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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HM Revenue And Customs
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC, and formerly Her Majesty's Revenue and Customs) is a department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the Tudor Crown enclosed within a circle. Departmental responsibilities The department is responsible for the administration and collection of direct taxes including Income Tax, Corporation Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT), indirect taxes including Value Added Tax (VAT), excise duties and Stamp Duty Land Tax (SDLT), and environmental taxes such as Air Passenger Duty and the Climate Change Levy. Other aspects of the departmen ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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HMRC Estimated Tax Gaps 2005-2014
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC, and formerly Her Majesty's Revenue and Customs) is a department of the UK government responsible for the collection of taxes, the payment of some forms of state support, the administration of other regulatory regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the Tudor Crown enclosed within a circle. Departmental responsibilities The department is responsible for the administration and collection of direct taxes including Income Tax, Corporation Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT), indirect taxes including Value Added Tax (VAT), excise duties and Stamp Duty Land Tax (SDLT), and environmental taxes such as Air Passenger Duty and the Climate Change Levy. Other aspects of the department's responsibil ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Bullen V
Bullen is a surname, and may refer to: * Arthur Henry Bullen (1857–1920), English editor, publisher, and a specialist in 16th and 17th century literature * Charles Bullen, British military officer * Charles Bullen (Utah politician), American politician * John Bullen Jr. (1803–1884), American politician, co-founder of Kenosha, Wisconsin * Keith Bullen (poet) * Keith Edward Bullen (1906–1976), New Zealand-born mathematician and geophysicist * Lee Bullen (born 1971), Scottish professional footballer * Marc Bullen (born 1982), Australian rules footballer * Nicholas Bullen (born 1968), English musician and artist * Stafford Bullen (1925–2001), Australian circus proprietor and co-founder of the African Lion Safari at Warragamba and Bullen's Animal World. * Teddy Bullen (1884–1917), English footballer * William Bullen (18th century), English cricketer * William Bullen (Kenosha pioneer), (1805–1846), American politician, co-founder of Kenosha, Wisconsin * Winslow Bu ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Oliver Wendell Holmes Jr
Oliver Wendell Holmes Jr. (March 8, 1841 – March 6, 1935) was an American jurist who served as an associate justice of the U.S. Supreme Court from 1902 to 1932.Holmes was Acting Chief Justice of the United States in February 1930. Holmes is one of the most widely cited and influential Supreme Court justices in American history, noted for his long tenure on the Court and for his pithy opinionsparticularly those on civil liberties and American constitutional democracyand deference to the decisions of elected legislatures. Holmes retired from the Court at the age of 90, an unbeaten record for oldest justice on the Supreme Court.John Paul Stevens was only eight months younger when he retired on April 12, 2010. He previously served the Union as a brevet colonel in the American Civil War (in which he was wounded three times), as an associate justice and chief justice of the Massachusetts Supreme Judicial Court, and as Weld Professor of Law at his alma mater, Harvard Law ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Denis Healey
Denis Winston Healey, Baron Healey (30 August 1917 – 3 October 2015) was a British Labour Party politician who served as Chancellor of the Exchequer from 1974 to 1979 and as Secretary of State for Defence from 1964 to 1970; he remains the longest-serving Defence Secretary to date. He was a Member of Parliament from 1952 to 1992, and was Deputy Leader of the Labour Party from 1980 to 1983. To the public at large, Healey became well known for his bushy eyebrows, his avuncular manner and his creative turns of phrase. Healey attended the University of Oxford and served as a Major in the Second World War. He was later an agent for the Information Research Department (IRD), a secret branch of the Foreign Office dedicated to spreading anti-communist propaganda during the early Cold War. Healey was first elected to Parliament in a by-election in 1952 for the seat of Leeds South East. He moved to the seat of Leeds East at the 1955 election, which he represented until his retireme ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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HMRC Offshore Evasion Poster February 2014
His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC, and formerly Her Majesty's Revenue and Customs) is a Departments of the United Kingdom Government, department of the UK government responsible for the tax collection, collection of Taxation in the United Kingdom, taxes, the payment of some forms of Welfare state in the United Kingdom, state support, the administration of other regulatory Regime#Politics, regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the Tudor Crown (heraldry), Tudor Crown enclosed within a circle. Departmental responsibilities The department is responsible for the administration and collection of direct taxes including Income Tax, United Kingdom corporation tax, Corporation Tax, Capital Gains Tax (CGT) and Inheritance Tax (IHT), indirect taxes includ ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Installment Agreement
An Instalment Agreement is a United States Internal Revenue Service (IRS) program that allows individuals to pay tax debt in monthly payments. There IRS has several different kinds of Instalment Agreements; ''Guaranteed'', ''Streamline'', ''Partial'' and ''Full Pay''. There are a number of requirements that have to be met before an instalment agreement can be granted to a tax payer. Requirements * Has to file all minimum required tax returns A tax return is a form on which a person or organization presents an account of income and circumstances, used by the tax authorities to determine liability for tax. Tax returns are usually processed by each country's tax authority, known as a .... * Must owe $50,000 or less. * Monthly payment cannot be less than $25 a month. * Keep a check on future refunds that can applied for tax refunds until tax debt is paid in full. References Internal Revenue Service {{Tax-stub ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Sansone V
People with the surname Sansone: * Susanna-Assunta Sansone - Professor of Data Readiness at the University of Oxford * Gilda Sansone - Italian fashion model * Greg Sansone - Canadian sports anchor * Gianluca Sansone (born 1987) Italian footballer * Giovanni Sansone - Italian mathematician * Kathryn Sansone - American homemaker * Johnny Sansone (born 1957), is an American electric blues musician * Lorenzo Sansone - horn player, music editor, educator, and horn manufacturer. * Maggie Sansone - American recording artist * Maria Sansone - American TV host * Matteo Sansone (musicologist) - Italian musicologist (opera) * Matteo Sansone (archaeologist) - (1916-1992), Italian pharmacist and archaeologist * Nicola Sansone - Italian footballer * Pat Sansone - American multi-instrumentalist * Raffaele Sansone - (1910-1994), Italo-Uruguayan football player and coach {{surname Surnames of Italian origin ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Spies V
Spies most commonly refers to people who engage in spying, espionage or clandestine operations. Spies or The Spies may also refer to: Arts and media Films * ''Spies'' (1928 film), English title for ''Spione'', a 1928 German film by Fritz Lang * ''Spies'' (1943 film), an animated short film * ''Spies'', a 1993 Disney TV film starring Shiloh Strong * ''Les Espions'' (''The Spies''), a 1957 French film * ''The Spies'' (1919 film), a German crime film * ''The Spies'' (2012 film), a South Korean film * '' S*P*Y*S'', a 1974 comedy film Television * ''Spies'' (TV series), a 1987 television series starring George Hamilton * ''The Spies'' (TV series), 1965 British television series * " Chapter 23: The Spies", an episode of ''The Mandalorian'' * "Spies", an episode from ''Ben & Holly's Little Kingdom'' Music * Spies (band), a jazz fusion band * "Spies" (song), a song by Coldplay * Spys (band), an American rock band Novels * ''Spies'' (novel), a 2002 novel by Michael ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |