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Evading income tax.
In Ecuador several years ago, so many rich people were evading income taxes that the government just abolished them, putting a tax on financial transactions instead.
The I.R.S. said that Americans in far greater numbers than it had previously expected are evading income taxes by secretly depositing their money in tax havens like the Cayman Islands, where they have set up accounts allowing them to draw on their money with credit cards from American Express, Visa and MasterCard.
C19 BUSINESS DAY C1-18 An Offshore Credit Card Scam The I.R.S. said more Americans than it had previously expected were evading income taxes by depositing money secretly in tax havens like the Cayman Islands, where they have set up accounts allowing them to draw on their money with credit cards from American Express, Visa and MasterCard.
FORBES REPORTED last year that Connecticut grocer Tom Leonard was under investigation for evading income taxes (May 20 , 1996.
New powers for investigators and the courts are to be introduced - including a new offence of fraudulently evading income tax which will be tried by magistrates.
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The Treasury Department issued new rules to make it harder for large corporations to evade income taxes.
It is relatively easy for those working for themselves to evade income tax and social-security contributions.
It also makes it possible to identify complex partnerships, including those with foreign partners, which sometimes are created to evade income taxes.
UBS, Switzerland's biggest bank, averted indictment in 2009 by paying $780 million and admitting it had helped wealthy Americans evade income taxes; it is also handing over the names of 4,500 American clients under an August 2009 deal.
Six leaders of a white supremacist group were arrested yesterday by Internal Revenue Service agents in Oregon on charges that they ran an elaborate scheme to help 900 people evade income taxes on $186 million over the last 14 years.
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