Factors Affecting Tax Compliance of Small and Medium Scale Enterprises in the Advent of the Eac Common Market.

Tax avoidance has become a massive topic of discussion over the past few years, given the current global economic conditions and the cuts to the public sector by the government as a result. This led to increased anger from the public who perceive avoidance by many of the country’s wealthiest people in a time of austerity as greed. Perhaps the most notable demonstration of this anger can be seen in the actions of the group UK Uncut, who for the past year have been organising protests at shops owned by retail tycoon Philip Green who, as the poster boy for tax avoidance, paid a £1.2 billion dividend to his Monaco-resident wife.

Stanton Delaplane once joked about the IRS, saying he heard it had suggested a simplified tax form with only one question: How much money did you make last year? The IRS response was, "Mail it in"." Thank goodness, our taxes haven 't gotten quite that bad. It is true though, that the majority of Americans, most of us included, have to bite the

The main topic of this research paper is taxation. Seeing that this topic is pretty open, I’ve chosen to write about the proposed idea of Fair Tax. Along with a little bit of insight on Fair Tax and a couple highlights of history, I’ll try and explain some pros and cons as well as give my opinion on the topic.

Since deciding to attend law school, I have sought a position at a large company where I could utilize my education and work ethic to build a career. Additionally, I have looked for an environment that would allow me to continue to develop both personally and professionally. In working as an attorney for the past two years, I have found a great interest in the field of taxation. Though approaching taxation from a legal perspective has exposed me to a variety of tax issues, I have realized that my interest lies in the numbers behind the taxes.

Virtually all citizens and politicians alike, agree that the current tax code is entirely too complex, yet nearly every year the system gets more complicated, not less. The reason is that simplicity almost always clashes with the other goals within the tax policy. Most people believe income taxes should be enforceable, fair, and beneficial to economic wealth, all while maintaining simplicity. But even those who agree on the necessity of these goals often disagree about the hierarchical importance of each. As a result, the tax policies usually represent a portion of each competing goal, leaving no room for simplicity. For example, most countries tailor tax liabilities to the characteristics of the individual taxpayer. That can make taxes more fair, but also more complex. Income must first be traced from a business to the

This are done through the design of appropriate strategies and programs to ease stakeholders’ compliance burden and bring about an efficient and improved tax delivery services to customers. TOG’s key functions include the assessment of persons, including companies and enterprises, liable to tax, as well as the assessments, collection, accounting and enforcing payment of taxes. These functions are carried out through the departments and functional units of the Group. The Compliance and Enforcement Group provides the FIRS with the platforms necessary to enhance voluntary compliance within the tax system. Its ultimate goal is to ensure that tax revenue collection is enhanced through the mobilization of the appropriate policy and legal frameworks. In order to achieve cohesion in the implementation of organizational goals, the various Groups and Departments involved in compliance and enforcement activities strive to build synergy in the performance of their duties. In appropriate cases, the Tax Operations Group refers cases of default of payment of tax to the Compliance and Enforcement Group to be handled by the Legal and Prosecution Department. The relevant organs of the service have carried out important activities towards enforcing taxpayer

The tax code, officially known as the Internal Revenue Code, is a major issue in today’s American society. There are many proponents of reforming our tax code who make the argument that we cannot just keep raising the “debt ceiling” and call it good. The opponents of tax reform argue that more and more taxes are needed to run the country. This paper will be looking at what elements of the American political system have influenced and shaped the tax code, and how changes in the tax code can compromise some of our constitutional ideals.

The times when taxes were first imposed on American Citizens, from that day people have been trying to find different ways to escape from taxes. While some taxpayers continue to find legal ways to avoid taxes on the other hand some choose to evade taxes, or not to pay at all.

Andreoni, J., Erard, B., & Feinstein, J. (1998). Tax compliance. Journal of economic literature, 36(2), 818-860.

The decision to evade one’s taxes is influenced by specific demographics. Tax evasion carries high ethical and moral costs. In addition to looking and certain demographics, such as age, gender, morals etc., the research also examines motives. There are different views on tax evasion, varying person to person. The two most prominent views are that paying one’s taxes is a public duty, while the other view is that it is a moral obligation. The different studies provided in this paper explore tax evasion across more than fifty countries, including developed and developing countries. Ultimately, this paper aims to discover the key to diminishing tax evasion.

All the tax-related matters should be handled with utmost sincerity and carefulness. The government should take strict action to it and stick in the favor of citizens of the country who are honestly paying high taxes. In any way, the public should not feel cheated and disappointed.

This paper will discuss the topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly, this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud.

The individual income tax is complicated, and it violates transparency standards through created loopholes (or tax preferences) which allow some to pay less than their fair share of taxes (Mikesell, 2011). In 2005, more than 70 percent of individuals filing taxes had tax preparers complete their returns because of confusing rules and regulations that could penalize taxpayers for qualifying for certain legal tax preferences (Mikesell, 2011). This transparency problem exists because citizens are really unaware of how to determine their tax liability except at the end of the year. Income taxes are collected annually through the Internal Revenue Service (IRS), and there are constant complaints about the IRS not willing to assist taxpayers

I’ve summed up the introduction of Taxation to these slight words. Taxation is defined as a way that the government able to generate or collect revenue from the citizen of one’s nation through different sources. As what I’ve learned from Taxation course that there are two types of taxation, direct which are paid by the taxpayer directly to the government, and indirect which are collected by an intermediary (like a retail store) from the consumer. The intermediary who will file the tax return later and forward the amount of the money to the government with the return. This tax is applicable to organizations and individuals. In this reflection, I would like to highlight what I learned of business and individual taxation, the experience on working with a group for the project and what challenges I faced and how I was able to get past.

Each and every countries deal its own classic nightmares from the wicked tax evaders. Milos (2013) defined “The legal tax evasion is the action of the taxable subject to go around the law, finding various means to exploit the insufficient legislation, and intentionally avoiding, in a legal manner, the tax provisions”(p.166). Milos study of tax evasion is focus and represent Romania, as tax evasion is a “well spread phenomenon” faced largely by this country, although tax evasion has been a hot topic worldwide, in fact, Milos mentioned Bulgaria, Bahamas, Bermuda, Macao, Cyprus, Cayman Islands, Switzerland and more others, as the “tax heavens”, meaning these countries has favorable legal