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Tax authorities' detection and deterring of tax evasion of high net worth individuals : a comparative study

Year: 2016
Type: dissertation
Abstract: This comparison study was done on the systems, methods, procedures and programmes used by the tax authorities of the USA, Australia, England and South Africa to detect and deter tax evasion by high net worth individuals.High net worth individuals were selected as this group of taxpayers are identified as a group who pose a high risk on the integrity of the tax systems of tax authorities due to their international mobility and available resources.Firstly an analytical review was done from available literature in academic journals and prior studies of the behavioural drivers of tax compliance and tax evasion.Secondly the information of the systems, methods, procedures and programmes used by the tax authorities of the four mentioned countries, was obtained from information publicly available on the websites and media declarations of the relevant tax authorities and compared to the procedures proposed by the Organization for Economic Co-operation and Development with their study in 2009 on how the tax risks posed by high net worth individuals should be addressed.Articles in newspapers and media reports were integrated into the study to indicate the relevancy and perceptions of the broader public in the systems, methods, procedures and programmes used by the identified tax authorities.A list of possible best practices for the detection and deterring of tax evasion by high net worth individuals, identified in this study, is only based on published information as no internal information was obtainable obtained from any of the four tax authorities used for this comparative study. Milk the cow, but do not pull off the udder.Greek Proverb  My son and mother in law for their unconditional support and faith in me.  My
Language: English
Open Access status: green
OpenAlex ID: W2592911825
Cites: 12
Cited by: 1
Related to: 10