Tax Evation - Essay Example

Only on StudentShare

Extract of sample
Tax Evation

The Congress, the White House, and the Supreme Court cannot meet and do their businesses. As it is, taxes are the lifeblood of every government. However, people continuously exert their best efforts to evade taxes. They pursue different avenues in order to minimize, if not entirely avoid payment of taxes. Different styles or strategies have been used in order to attain this end. One, underreporting of incomes - usually, this strategy is being used by businesses, whether sole proprietorship, partnership, or corporation. This of course cannot be attained without the assistance of the accountants. The latter manipulate the income to be reported by the business so that liability for taxes would be lesser. In some countries, double numbering of official receipts are made so that only half of the transactions are officially entered into the entry book of the company. Only those transactions which involve important personalities or companies are being recorded officially so that in case of emergency examination of books, the said transactions can be easily traced. Those involving small transactions with not so familiar customers remain unrecorded, or will be recorded only in the unofficial record. ...Show more


Tax evasion refers to the process or system by which individuals, partnerships, corporations, trusts, and other entities try to evade payment of taxes through unlawful or illegal means. It is inherent in every human being to resist payment of taxes despite the knowledge that it is a civil obligation of every citizen…
Author : emardeula
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Tax Evation"
with a personal 20% discount.
Grab the best paper

Related Essays

Capital Gains Tax Liability
First of all, you own 50% of your property. This is equity. With equity you can do many things, such as make purchases against your equity. The fact that you have a house on the beach in Marmion also helps you in the sense that you completely own (jointly, I might add) a residence.
6 pages (1500 words) Case Study
Tax Law & Accounting
In 1939 Congress codified the Federal tax laws" ("Tax Law and Accounting," 2009). The aspect of modern income tax statutes that undeniably upset people the world over is that the tax law continually changes. Not only that, but it happens to be very complicated.
4 pages (1000 words) Essay
Tax System
iii. The system is not transparent enough and gives room for temptations to evade tax. In cases when big business houses are able to devise ways and means to evade tax, tend to have a cascading effect on the employees and other concerned stakeholders in the business, which results in further revenue losses to the government.
4 pages (1000 words) Essay
Income tax accounting
For tax year 2005, the maximum amount of EITC a qualifying worker with one child can receive is $2,662. For two or more children under one's care, the maximum amount is $4,400. For workers with no children, the maximum amount of EITC is only $399 (Tax Credit Resources, n.d.).
2 pages (500 words) Essay
Topical Tax Issue
These guidelines are intended to be used by governments departments for assessing policies and programmes in designing, implementing and reviewing stages in comparison to the likely impacts that they will have or have had on poverty and on inequalities which are likely to lead to poverty with a perspective to poverty reduction.
6 pages (1500 words) Essay
Tax Planning
Businesses need tax planning to help implement strategies that would lessen their tax liabilities for the year ahead. There are numerous tax planning strategies available to business owners. Regardless of how simple or how complex a tax strategy is, it will be based on structuring the business transactions to accomplish anyone or more of the following goals: 1) reducing the amount of taxable income, 2) reducing the tax rate , 3) claiming any available tax credits, or 4) controlling the effects of the Alternative Minimum Tax.
6 pages (1500 words) Essay
Human resource Management
Experts have identified issues like workforce diversity, globalization, forecasted labor shortages, equal employment opportunities, employee motivation, job satisfaction, job design, work/life
7 pages (1750 words) Essay
The Entertainment Industry and Venue Management in Hospitality Industry
In 2013, the sector made over 1.7 M jobs thus prompting UK to have high expectations especially in 2015 whose inception showed an
3 pages (750 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email