Tax evasion is:

The correct answer is A. a deliberate attempt not to pay the tax which is due or obliged. Tax evasion is the deliberate and illegal act of not paying taxes that are legally owed. It is a criminal offense that can have serious consequences, including penalties, fines, and

Risks and Methods of Money Laundering and Terrorist Financing

Question

Tax evasion is:

Options

Aa deliberate attempt not to pay the tax which is due or obliged.
Bbending the rules to pay less tax than required.
Cnot an important crime as it does not impact society.
Da sophisticated process which always means the same as tax avoidance.

How the community answered

(29 responses)

A
83% (24)
B
10% (3)
C
3% (1)
D
3% (1)

Explanation

Tax evasion is the deliberate and illegal act of not paying taxes that are legally owed. It is a criminal offense that can have serious consequences, including penalties, fines, and

Topics

#tax evasion#predicate offenses#financial crime definitions#tax avoidance

Community Discussion

No community discussion yet for this question.

Full CAMS Practice