tax fraud

8月 012017
 

Did you pay your taxes? From stiff penalties to even jail time, the federal government provides plenty of incentive for citizens to pay, but each year nearly one in five Americans do not pay on time. This leads to a more than $450 billion gap in unpaid taxes, creating a [...]

Where the federal government can find $450 billion was published on SAS Voices by Marie Lowman

1月 242017
 

Historically, tax havens have been a key tool for tax evaders to store and hide unreported and untaxed money. I would agree with most observers that the Panama papers (11.5 million leaked documents that detail financial information for more than 214,488 offshore entities) are just the tip of the tax […]

Panama papers: Can tax departments (finally!) eradicate tax havens? was published on SAS Voices.

11月 182016
 

Cooperation and information sharing between tax authorities around the world can help ensure that taxpayers pay the right amount of tax to the right jurisdictions. The Common Reporting Standard (CRS) is an agreement between countries in the Organisation for Economic Co-operation and Development to collect and share data from their financial institutions annually. This remarkable achievement […]

The Common Reporting Standard: an opportunity and a challenge for tax authorities was published on SAS Voices.

4月 142016
 

Across the globe, governments are losing billions in revenues to organised VAT fraud. The most recent VAT Gap study published by the European Commission estimates that EU countries lost an estimated €168 billion in VAT revenues in 2013. That's equivalent to 15.2% of the total expected VAT revenue from the […]

Attention VAT fraudsters: You’re no match for analytics! was published on SAS Voices.