Understanding tax evasion and tax avoidance Webinar
Payment of taxes is essential when it comes to the order of public services and social justice issues in the country. Failure to comply with tax obligations is a revolt against basic principles such as equality and democracy. Tax evasion, tax avoidance, or money laundering issues on obliged institutions are not implemented thoughtfully. Moreover, cooperation between law enforcement and anti-money institutions is not fruitful. This leads to a vulnerability in the system
Money laundering is the best example of avoiding taxes by hiding the origin and quantity of income. Money laundering is an attempt to disguise illegal income from organized crime as legitimate income or to erase evidence of income altogether. Money laundering channels function as communication tools through which money can flow from one area to another, and therefore only a holistic approach to combating money laundering can be practical.
Money laundering is a criminal offense aiming to legitimately present some of the wealth illegally acquired or concealed from the scope of tax and other authorities by using methods that hide the final beneficiary’s identity. The money laundering process can occur in various ways, such as complex, intertwined privacy judgments and/or clever use of a network of tax havens, manipulating the concept of legal entities, and legal regulations to make upfront companies hence leading to tax evasion.
The Institute has organized a webinar on understanding tax evasion and tax avoidance to demonstrate the link between tax evasion and money laundering. The webinar will cover the following topical areas;
Difference between tax evasion and tax avoidance
Establishing the link between money laundering and tax evasion
Tax loopholes and tax Shields
Tax Fraud practices
International Tax Evasion
How to avoid tax evasion charges
Penalties for tax evasion
Understanding tax evasion and tax avoidance Webinar
Payment of taxes is essential when it comes to the order of public services and social justice issues in the country. Failure to comply with tax obligations is a revolt against basic principles such as equality and democracy. Tax evasion, tax avoidance, or money laundering issues on obliged institutions are not implemented thoughtfully. Moreover, cooperation between law enforcement and anti-money institutions is not fruitful. This leads to a vulnerability in the system
Money laundering is the best example of avoiding taxes by hiding the origin and quantity of income. Money laundering is an attempt to disguise illegal income from organized crime as legitimate income or to erase evidence of income altogether. Money laundering channels function as communication tools through which money can flow from one area to another, and therefore only a holistic approach to combating money laundering can be practical.
Money laundering is a criminal offense aiming to legitimately present some of the wealth illegally acquired or concealed from the scope of tax and other authorities by using methods that hide the final beneficiary’s identity. The money laundering process can occur in various ways, such as complex, intertwined privacy judgments and/or clever use of a network of tax havens, manipulating the concept of legal entities, and legal regulations to make upfront companies hence leading to tax evasion.
The Institute has organized a webinar on understanding tax evasion and tax avoidance to demonstrate the link between tax evasion and money laundering. The webinar will cover the following topical areas;
Difference between tax evasion and tax avoidance
Establishing the link between money laundering and tax evasion
Tax loopholes and tax Shields
Tax Fraud practices
International Tax Evasion
How to avoid tax evasion charges
Penalties for tax evasion