Tag Archives: tax evasion

Your Global Assets Could Land You in Jail: Prevent it Now

A Princess in the middle east was gifted a completely gold toilet on her wedding. The wealthy love spending and we love to hear about the diamond studded BMWs and private jets that they gift each other. So many of us wistfully wish we could visit their sprawling mansions with indoor pools in exotic locations.… Read More »

Understanding the implications of tax evasion

Simply put, tax evasion occurs when any trust, individual, or firm, seeks to avoid paying taxes by illegal and unfair means, by, for example, deliberately hiding income from the tax authorities to reduce the liability of tax. People have been known to submit dishonest reports, including declaring less gains, profits, or income than what was… Read More »