How they hide money? An investigation on tax evasion of large corporations and wealthy taxpayers

Lompo, Miaba Louise and Ouoba, Marie Madeleine (2022): How they hide money? An investigation on tax evasion of large corporations and wealthy taxpayers.

Abstract

Understanding tax evasion and tax avoidance mecanism is of critical importance in both developed and developing countries. This paper shed light on five main strategies used by corporation and wealthy taxpayers to avoid taxes including tax heavens, underground economy, aggressive tax optimization, parallel financial markets and cryptocurrencies. We also propose several actions to deal with tax non-compliance across the globe including prevention, peer reporting, active monitoring of compliance indicators and international cooperation. Theses actions might be combined to achieve optimal results in reducing the iompact of tax evasion and tax avoidance.

• Item Type: MPRA Paper
• Language: English
• Keywords: tax evasion, tax avoidance, tax compliance
• Subjects: M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M48 - Government Policy and Regulation

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