Sentences with phrase «reduce tax evasion»

This was done in order to limit the use of cash for nefarious purposes and also to reduce tax evasion.

Better use of data by governments can also help free up resources for priority needs and reduce tax evasion, including evasion related to cross-border transactions,» she wrote.

Halloran, a Republican, is running for Congress against Grace Meng, whose father was arrested Tuesday on charges of fraud after allegedly stealing money from a man who wanted to bribe federal prosecutors to reduce tax evasion charges aginst him.

By imposing third - party reporting of expenses, a VAT system reduces tax evasion relative to a self - reported income tax system like that used in the U.S. where the IRS periodically audits business expenses, but there is widespread abuse in the area of business expenses (especially in small businesses that often treat what should be considered personal expenses as business expenses) due to a lack of third - party reporting of business expenses the way that it has third - party reporting of business income via 1099 information tax returns.

Reducing tax evasion is one of the key promises of Aadhar.

Such indicators include enhanced health, better educational outcomes, improved child welfare, lower crime rates, reduced tax evasion and improved government services and responsiveness.44

Not exact matches

For example, instead of committing tax evasion, a US investor who wants to reduce his / her taxes could move to Puerto Rico instead.

Anthony Weiner was an outspoken advocate for — and opponent to — many things while he served in Congress, but he was the lead sponsor one just one bill that was signed into law — a 2010 measure aimed at reducing cigarette sales - tax evasion.

«They have failed to spell out details of how they would achieve much of their tightening, relying heavily on unspecified measures to reduce tax avoidance and evasion (# 7 billion) as well as some unspecified social security cuts (# 2 billion).

6) How would you improve shareholder democracy and Company Law in order to reduce corporate fraud, tax evasion and avoidance, and excessive executive pay and bonuses?

Meanwhile Tory MEPs voted against a report on paid paternity leave, reducing the gender pay gap and combating violence against women, while UKIP MEPs opposed investigating tax evasion and avoidance, capping credit card charges and labelling processed meat with its country of origin.

Offshore accounts are used by wealthy individuals and corporations around the world as a perfectly legal way to reduce their tax burden, although the anonymity provided to account holders has also led to associations with tax evasion, money laundering and organized crime.

One of our knowledgeable Canadian tax lawyers can negotiate with the Canada Revenue Agency on a taxpayer's behalf to reduce interest and eliminate penalties and perhaps most importantly, take criminal prosecution for tax evasion off the table.

According to the FSC, the measures outlined were intended to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion,»

PBOC, China's central bank, is persuaded that a state - backed digital currency could reduce capital outflow, money laundering and tax evasion, make economic activity more transparent and improve the efficiency of global transactions.

South Korea's Financial Services Commission has enacted a series of rules which it hopes will «reduce room for cryptocurrency transactions to be exploited for illegal activities such as crimes, money laundering, and tax evasion.»

«Issuing digital currencies instead of paper money could reduce the costs of issuance and circulation, increase the efficiency and transparency of money transfers, reduce the chances of money laundering and tax evasion, and increase the controllability of money supply by central bank to better support the development of our country,» reads the statement.

The South Korean Financial Services Commission said that the new regulatory measures were intended to «reduce room for cryptocurrency transactions to be exploited for illegal activities, such as crimes, money laundering and tax evasion.»

Putin's comments certainly lean that way, calling for a regulatory environment to reduce the threat of money laundering, tax evasion, and funding of terrorism.